Closed! Hard Money Loan in Downey: $50,000, 2nd TD, 46.15% CLTV, Cash-Out, 10.00% Lender Rate
Existing and successful Mortgage Vintage borrower is seeking a 2nd TD business purpose cash-out on this SFR investment property in Downey, Los Angeles County, CA. Funds will be used to start the demolition of the existing SFR structure. Borrower plans to build a new SFR on the property. Mortgage Vintage holds the current $340,000 1st…