Closed! Hard Money Loan in Palm Springs: $400,000 @ 9.500%, 2nd TD, SFR, Cash-Out, 49.60% CLTV
Borrower and experienced real estate investor sought a business purpose 2nd TD to payoff an existing 2nd mortgage and cash-out to upgrade and improve the subject Non-Owner Occupied property to increase its value and appeal. The subject is located on a corner lot in the historic Tennis Club in central Palm Springs in Riverside County,…