Closed! Hard Money Loan in Millbrae: $250,000 @ 11.00%, 2nd TD, Single Family Residence, Cash-Out, 46.85% CLTV
Business owners sought a $250,000 business purpose 2nd Trust Deed loan on this owner-occupied single-family residence in Millbrae, San Mateo County, CA. 100% of the loan proceeds will be used to upgrade and expand the borrowers’ snack and beverage vending machine business. The borrower expects to see an significant increase in revenue and profitability by…