Recently Funded! Hard Money Loan in Newport Beach: $1,027,500 @12.00%, 2nd TD, Cash-Out – Refi, SFR, 64.77% CLTV
Loan Purpose Repeat successful MVI borrowers. Real estate investors and business owners sought a $1,027,500 business purpose 2nd Trust Deed cash out refinance loan on this non-owner occupied SFR investment property in Newport Beach, CA. The borrowers will be using the loan proceeds to pay off an existing MVI 2nd TD that is maturing and…