Recently Funded Hard Money Loan in La Canada-Flintridge for $400,000

Borrower was seeking a business purpose cash-out on this non-owner occupied rental property to make improvements to the property and to invest in other investment property.  Borrower has owned the property since 2006. Subject property is a two story Single Family Residence located in the La Canada Flintridge area of Los Angeles.  The home is…

Fix and Flip Loan Funded – La Canada/Flintridge

La Canada Flintridge, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $770,000 Purchase Price $1,100,000 Occup Non-Owner Occ. Interest Rate 9.99% LTV on Purch. Price 70.00% Loan Type Fix and Flip Amortization 40 Year amort/due in 12 mos. Guaranteed Interest 3 months Loan Scenario: 708 Mid FICO…