Recently Funded Hard Money Loan in San Jose: $1,092,000 @ 10.00%, 1st TD, Cash-Out, Single Family Residence, 60.00% CLTV
Business Owner and Real Estate Investor sought a 1st TD cash-out refinance on this non-owner occupied investment property in San Jose, CA. Loan proceeds will be used for cosmetic upgrades to all three of the borrower’s properties as well as capital infusion into the borrower’s biopharmaceutical consulting business. The exit strategy is to refinance into…