Recently Funded Hard Money Loan – Los Angeles: $85,000 2nd TD @ 11.75%, 42.68% CLTV
Borrower sought a business purpose cash-out 2nd TD on this owner-occupied duplex in LA. Funds from our loan will be used to complete the remodel of one of the units of the duplex. 100% of the construction budget will be held in escrow funds control. The subject is a bungalow style detached duplex. Unit #1…