Recently Funded Hard Money Loan – Downey: $105,000, 1st TD, 19.09% LTV, 8.00% Lender
Real estate investor borrower sought a new 1st TD to invest into to his property management company and other real estate investments. The exit strategy by the borrower was to refinance with a conventional loan or pay loan off. The subject property is a duplex home that contains 1,420 sf and was built in 1940.…