COMPLETED! HARD MONEY LOAN IN SAN DIEGO: $1,200,000 @11.00%, 1ST TD, CASH-OUT REFINANCE, MIXED USE, 64.86% LTV
Loan Purpose Mortgage Vintage funded a $1,200,000 first trust deed cash-out refinance secured by a fully occupied mixed-use commercial and residential investment property in the Lincoln Park area of San Diego, California. The borrower, a real estate investor and business owner, used the loan proceeds to retire an existing first trust deed of $765,000 that…