Closed! Hard Money Loan in Palmdale: $75,000 @ 12.00%, 2nd TD, Cash-Out, Single Family Residence, 59.85% CLTV
Borrower sought a small $75K 2nd Trust Deed business purpose loan on this SFR, non owner-occupied investment property in Palmdale, Los Angeles, CA. The SFR is currently listed for sale. Funds from this loan will be used on modernized fixtures and landscaping to draw in higher offers. Exit Strategy: Sale of Property. The borrower’s 1st mortgage…
