COMPLETED! HARD MONEY LOAN IN FOUNTAIN VALLEY: $180,000 @12.25%, 2ND TD, INVESTMENT PROPERTY, SFR, 65.00% CLTV
Loan Purpose Mortgage Vintage funded a $180,000 business-purpose cash-out second trust deed on a non-owner-occupied single-family residence in Fountain Valley, Orange County, California. The borrower sought this business-purpose cash-out loan to finance property improvement activities designed to increase the home’s marketability and resale value ahead of a planned fix-and-flip sale. The borrower had acquired the…