Recent Transaction in Los Angeles: $1,650,000 @ 7.25%, 1st TD, Cash-Out, Multi-Family, 56.90% LTV
Borrower and successful real estate investor sought a 1st TD cash-out refinance on this 13-unit multi-family property in Los Angeles, CA. The borrower has multiple real estate investment properties in the Southern California area. They refinanced the existing TD and also took out some cash to do numerous repairs and improvements to the property to…