Closed! Construction Hard Money Loan in Ripon: $330,500 1st TD, Cash-Out, 26.23% LTV, SFR, 9.50% Lender Rate

Borrowers sought a 1st TD loan to complete construction on this non-owner occupied “free & clear” SFR and land property in Ripon, San Joaquin County, CA. Borrowers have 657k “skin in the game”. Borrowers purchased the land free and clear in 2020 for 260k and have invested 397k personal funds to date on the major…