Recently Funded Hard Money Loan- Echo Park, CA: $180,000, 41.7% CLTV, 10.25% Lender Rate, 11.990%
Business owner and real estate investor asked for a business purpose cash-out 2nd TD on this non owner-occupied duplex in Los Angeles. Funds from the loan were used to payoff an existing 2nd TD. The subject is a well maintained 2 story, 4 BR/3 BA Duplex located in the Echo Park neighborhood of LA. The…