COMPLETED! HARD MONEY LOAN IN SAN PEDRO: $735,000 @14.50%, 2ND TD, RATE & TERM REFINANCE, COMMERCIAL, 64.14% CLTV
Mortgage Vintage successfully funded a $735,000 second trust deed secured by a licensed 72-bed Adult Residential Facility located at 2300 South Pacific Avenue in San Pedro, California. This was a business-purpose rate and term refinance with no cash out to the borrower. Loan proceeds were used to pay off an existing maturing first trust deed,…
