Closed! Hard Money Loan in Ventura: $275,000 @ 12.50%, 2nd TD, Cash-Out, Single Family Residence, 59.76% CLTV
Borrowers are seeking a 2nd Trust Deed on this owner occupied and non-owner occupied SFR 2 units (zoned R2) located in Ventura, Orange County, CA. The purpose of this loan is to pay off a small $46K existing 2nd TD in good standing and the balance to invest in borrowers’ wellness business. Borrowers’ 1st mortgage is…