Done Deal! Hard Money Loan in Pico Rivera: $1,500,000 @ 9.00%, 1st TD, Cash-Out, 60.00% LTV

Borrower is real estate investor and 30 year experienced developer will be using these loan proceeds to 1) payoff and existing 1st mortgage and 2) for ground up construction to develop a fully entitled and permitted 4-unit condo project in the City of Pico Rivera.   Grading is complete and the site is shovel ready which is…