Closed! Hard Money Loan in Covina: $250,000 @11.50%, 2nd TD, Cash-Out, SFR, 55.07% CLTV
LOAN PURPOSE Borrower sought a Business Purpose cash-out 2nd Trust Deed loan on their owner-occupied single-family residence located at 569 S. Fenimore Ave., Covina, CA. Proceeds will be used to renovate an investment property located at 1211 Stringer Ave., Los Angeles, CA a single-family home featuring 2 bedrooms and 1 bathroom, encompassing 754 square feet…