Recently Funded! Hard Money Loan in Santa Rosa: $747,500 @11.50%, 1st TD, Cash-Out, SFR, 65.00% CLTV
Business owner sought a 1st Trust Deed business-purpose cash-out loan on a free-and-clear, non-owner-occupied newly constructed barn-style residence estate designed for weddings and entertainment events in the wine country of Santa Rosa, Sonoma County, CA. The property currently has no existing debt. Loan proceeds will be used to buy out the borrower’s partner from the…