A Los Angeles real estate investor sought a business-purpose 2nd TD cash-out for a duplex rental investment. Mortgage Vintage Loan at 62% CLTV of After Completion Appraised Value Funded loan in less than a week 10% Lender Rate 24 Month Loan Term 100% of the $433,000 placed in Funds Control Originally a modest duplex, this…
Borrower needed a construction loan to add two fully permitted ADUs and complete a duplex renovation in Los Angeles. $460,000 business purpose 2nd TD $430,000 held in Funds Control 62.13% CLTV on appraised value 12.50% lender rate 24 months loan term 6 months guaranteed interest This Los Angeles duplex sat in a prime area just…
This property’s transformation shows our commitment and our investors’ vision, demonstrating strategic property development. Mortgage Vintage Loan at 60.62% CLTV of after Completion Appraised Value Funded loan in less than a week 9.5 Lender Rate 24 Month Loan Term 100% of the $400,000 loan placed in Funds Control This property began as a duplex rental…