Done Deal! Hard Money ADU Loan: $345,000 @ 12.50%, 2nd TD, Cash-Out, 2-4 Unit, 53.59% CLTV

1. Loan Purpose: Borrower and real estate investor sought a $345,000 2nd Trust Deed business purpose cash out loan on this non-owner-occupied, recently renovated and fully tenant occupied, detached duplex investment rental property in Duarte, Los Angeles County, CA. The city of Duarte is located 15 minutes east of Pasadena, CA. The funds from this…

Recently Funded Hard Money loan in Stanton $150,000

Stanton, CA Download Recent Transaction – $150,000 Business Purpose Cash-Out, Stanton CA Property / Loan Information Property Type Commercial Building – Retail Center Lien Position 2nd TD Loan Amount $150,000 Appraised Value $1,475,000 Occup Non-Owner Occ. Lender Rate 10.50% CLTV on Appraised Value 47.46% Loan Type Business Purpose Cash Out Amortization Interest Only Due in 36 mos. Guaranteed Int. 6 Months…