Closed! Hard Money Loan in Los Angeles: $1,300,000 @9.00%, 1st TD, Cash-Out, Multi-Family Unit, 47.27% CLTV
1. Loan Purpose: Successful Mortgage Vintage borrower and real estate investor sought a $1,300,000 1st Trust Deed business purpose cash-out loan on this non-owner occupied, fully occupied, and recently renovated 8-unit multi-unit property in Los Angeles, CA. The funds from the loan will be used to payoff an existing maturing loan and to make some…