Closed! Vacant Land in Penn Valley, CA : $436,000 1st TD, 34.99% LTV, 13.00% Lender Rate

Experienced real estate developer and investor sought a business purpose cash-out 1st TD on this non-owner occupied, vacant land in Penn Valley, CA.  Funds from our loan were used to payoff a small existing 127k 1st TD.  Additional cash-out will be applied to the development of Retirement & Affordable Housing units on this subject property…