COMPLETED! HARD MONEY LOAN IN LOS ANGELES: $850,000 @ 9.25%, 1ST TD, LAND, 8.50% LTV
Loan Purpose Mortgage Vintage funded an $850,000 first trust deed secured by three vacant land parcels in the Ladera Heights neighborhood of Los Angeles, California. The borrower, a returning Mortgage Vintage client with a proven track record, sought a business-purpose cash-out refinance to retire an existing first trust deed and redeploy equity into business-purpose investment…