Done Deal! Hard Money Loan in San Juan Capistrano: $210,000 @ 11.50%, 2nd TD, Cash-Out, Single Family Residence, 56.09% CLTV

1. Loan Purpose: 766 and 795 credit score borrower and Business owner is seeking the 2nd Trust Deed cash-out loan to invest into their business, Citation Capital (website: https://citationcp.com). The existing first mortgage is with Morgan Stanley with a current balance of $1,290,426.65, a current adjustable interest rate of 2.55%. The first mortgage matures December 1,…

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