Done Deal! Hard Money Loan in Mount Shasta: $64,500 @ 13.25%, 2nd TD, Cash-Out, Single Family Residence, 62.50% CLTV

Business owner and borrower sought a small $64,500 2nd Trust Deed business purpose loan on this fully remodeled, owner-occupied SFR in Mount Shasta, CA.  100% loan proceeds will be used for online marketing for borrower’s life coach consulting business. The borrower’s 1st mortgage has a principal balance of $348,000 with a fixed interest rate of 4.137%,…