Recently Funded Hard Money Loan – Inglewood: $393,750, 1st TD, 60.58% LTV, 9.50% Lender Rate

Real estate investor and long-time employee with the same company was seeking a new 1st TD on this LA County 4-unit non-owner occupied property to refinance the existing 1st TD and make minor repairs and upgrades to the subject property. The subject property is a fully rented 4-unit property in Inglewood.  Built in 1950, the…

Recent Transaction in Inglewood – Business Purpose Cash-Out

Inglewood, CA   Download Recent Transaction – Cash-Out Loan Funded – Inglewood, CA Property / Loan Information Property Type Duplex Lien Position 1st TD Loan Amount $322,000 Appraised Value $460,000 Occup Non-Owner Occ. Lender Rate 9.00% LTV on AppraisedValue 70.00% Loan Type Business Purpose Cash-Out Amortization Interest Only Due in 24 months Guaranteed Interest 6 months      …