Closed! Purchase Bridge Loan in Culver City: $600,000 2nd TD, 40.91% CLTV, SFR, 10.50% Lender Rate
Successful LA based Architect/Builder borrower sought a 2nd TD cash-out bridge loan on this owner-occupied SFR w/ ADU property in Culver City, Los Angeles, CA. The funds from our loan will be used to pay-off a small, current 182k HELOC and the remaining funds will be used to purchase the borrowers new out-of-state primary residence…