Funded! Hard Money Loan 2nd TD: $170,000 2nd TD, 57.56% CLTV, Cash-out, 10.00% Lender Rate, Encinitas, CA
Long-time business owner needed a business purpose cash-out 2nd TD on this Encinitas investment property in San Diego County. Funds from our loan were used to make minor improvements so the borrower can increase rent. Exit strategy from our loan is a conventional refi or a possible sale. The subject is a 3,342 SF split…