Recently Funded Hard Money Loan in Whittier: $341,250 1st TD, 65.00% LTV, Cash-Out, 8.50% Lender Rate
Experienced real estate investor sought a business purpose cash-out 1st TD on this non-owner occupied, investment rental property in Whittier, Los Angeles, CA. Funds from our loan paid off an existing Business Purpose 1st of approx. $250k and the balance of the funds will invested in borrower’s new start-up business. Exit strategy is a conventional…