Done Deal! Hard Money Loan in Redondo Beach: $250,000 @ 6.25%, 1st TD, Purchase, 22.22% LTV

Real estate investor and experienced Fix & Flip designer sought a business purpose loan to purchase this prime fix & flip opportunity in Redondo Beach, Los Angeles, CA. The subject property is a 3-bedroom/2-bathroom SFR located in Redondo Beach’s highly desirable beach city neighborhood. The 1,615 SF home sits on a 2,501 SF lot with…

Recent Transaction in Redondo – Beach Business Purpose Cash-Out Loan

Redondo Beach, CA   Download Recent Transaction Cash-Out-Redondo Beach, CA Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $550,000 Appraised Value $855,000 Occup Non-Owner Occ. Interest Rate 8.99% LTV on AppraisedValue 64.32% Loan Type Business Purpose Cash-Out Amortization Interest Only Due in12 months Guaranteed Interest 3 months      …