Brief Overview Loan Scenario: Successful repeat borrower sought a $330,000 2nd Trust Deed business purpose cash out loan on this owner-occupied SFR property in Woodland Hills, Los Angeles County, CA. The funds from this loan will be used to pay off business-purpose junior liens in good standing that are maturing, and the balance will be invested…
Borrower sought a small $100K 2nd Trust Deed business purpose cash out loan on this owner occupied SFR investment property in Woodland Hills, Los Angeles County, CA. The funds from this loan will be invested into expanding the borrower’s chiropractic business. The borrower’s 1st mortgage has a principal balance of $598,000 with a fixed interest rate…
Longtime successful real estate investor and business owner sought a business purpose cash-out 2nd TD on this non-owner occupied 2-Unit in Woodland Hills, Los Angeles County, CA. Proceeds from our 2nd position loan will be used to expand his business, Homepro Remodeling and Construction, Inc. The property is comprised of a single family residence with…
Woodland Hills, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 1st Trust Deed Loan Amount $240,000 Estimated Valuation $478,000 Est. Value/s.f. $777.23/s.f. LTV on Est. Value 50.21% Loan Type Cash-Out Refi Amortization 30 Year amort/due in 2 years Prepay Penalty 6 months