COMPLETED! HARD MONEY LOAN IN JOSHUA TREE: $165,000 @10.50%, 1ST TD, CASH-OUT REFI, SFR, 64.71% LTV
Loan Purpose Mortgage Vintage funded a $165,000 business-purpose cash-out refinance secured by a single-family residence in Joshua Tree, California. The borrower, a licensed general contractor, used the loan proceeds to retire an existing first deed of trust, satisfy outstanding property taxes and a judgment lien, and generate cash out to support ongoing business-purpose investment activities…
