Closed! Hard Money Loan in San Diego: $218,000 @11.50%, 2nd TD, SFR, 56.87% CLTV
Loan Purpose Borrowers and real estate investors sought a Business Purpose Cash-Out 2nd Trust Deed loan on this non-owner-occupied property located in San Diego. Loan proceeds will be used to do light renovations to the property to prepare it for a new rental. The Borrower has the rental property professionally managed by Utopia Management. The existing…