Recent Hard Money Transaction in Los Angeles: $334,640 @ 13.50%, 2nd TD, Duplex, Cash-Out, 59.00% CLTV
Successful Mortgage Vintage borrower and business owner sought a Blanket $334,658 2nd Trust Deed cash-out loan on these three non-owner-occupied duplexes in Los Angeles, Los Angeles County, CA. The loan proceeds will be used to help the borrower payoff another investment property in his real estate investment portfolio. The three separate 1st mortgages are all with…