Recently Funded Hard Money Loan in Covelo: $200,000 @ 10.00%, 1st TD, Cash-Out, SFR, 38.76% LTV
Real estate investor sought a business purpose cash-out refinance on this SFR & AG investment property in Mendocino County, CA. The purpose of this loan is to pay-off an existing, current and in good standing small 130K 1st TD; the balance of funds will be applied towards minor property improvements. Exit strategy: refinance. The subject property…