Brief Overview Borrower and business owner sought a $1,390,000 business purpose 2nd Trust Deed cash out refinance loan on this owner-occupied, fully renovated SFR very well located in prestigious Beverly Hills, Los Angeles County, CA. The borrower will be using the loan proceeds to pay off an existing and in good standing $478K 2nd TD. The…
704 fico score real estate investor, long time land owner and 25-year CFO of ENCORE Plastics in Huntington Beach was seeking a business purpose cash-out refi on these 2 parcels of vacant land. Loan proceeds were used to cover project soft costs including legal fees, engineering costs, consulting fees and to secure easements for access…
Beverly Hills, CA Download Recent Transaction – Business Purpose Cash-Out Loan Funded – Beverly Hills, CA Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $5.6Mil Appraised Value $9.56Mil Occup Non-Owner Occ. Lender Rate 10.00% LTV on Appraised Value 58.57% Loan Type Business Purpose Cash-Out Amortization Interest Only Due in 36 mos. Guaranteed Interest 6 months…