Recently Funded Hard Money ADU Loan in Santa Barbara: $340,000 @ 13.25%, 2nd TD, Cash-Out, Single Family Residence, 58.21% LTV
High FICO real estate investor and successful business owner sought a $340,000 business purpose 2nd Trust Deed loan on this owner-occupied SFR in Santa Barbara, CA. The borrower was recently awarded an investment property in a divorce which has a few code violations that need to be repaired. To confirm, our subject property is the Owner…
