Recent Transaction in Encino: $170,000, 2nd TD, 24.50% CLTV, Cash-Out, 9.00% Lender Rate

Borrower sought a business purpose cash-out 2nd TD on this owner occupied SFR property in Encino, Los Angeles County, CA.  The funds from our loan will be used to launch borrower’s online retail clothing and provide working capital for his existing photography company. The subject property is a contemporary, one story SFR in good condition,…