Recent Transaction in Atwater: $198,250 @ 10.25%, 1st TD, Cash-Out, SFR, 65.00% LTV
Business owner and real estate investor sought a new business purpose cash-out 1st TD on this non-owner occupied investment property in Atwater, CA in Merced County. Funds from our loan will be used to invest into the Borrower’s restaurant (Tequila Restaurant) as well as for making improvements to the same property. Borrower’s Restaurant was impacted…