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…