Recently Funded Hard Money Loan – Menifee: $70,600, 2nd TD, 65.00% CLTV, 10.75% Lender Rate

Real estate investor was seeking a cash-out 2nd TD on this non-owner occupied SFR in Riverside County.  Proceeds from this loan were used to make improvements to the same property. The subject property is a contemporary style SFR situated on a large 7,405 SF lot in Menifee, CA. The property is 3,453 SF with 14 total…