Recently Funded Hard Money Loan in Los Angles: $286,000 @ 12.50%, 2nd TD, Single Family Residence, Cash-Out, 60.00% CLTV
Successful Mortgage Vintage Borrower sought $286,000 business purpose 2nd Trust Deed loan on this non-owner-occupied duplex in Los Angeles, CA. The loan proceeds were used to payoff a current and in good standing 2nd TD that we currently hold and the rest of the proceeds will be used to make minor repairs to the property.…