Recent Transaction in Huntington Beach: $125,000 @ 10.50%, 2nd TD, Cash-Out, SFR, 47.98% CLTV
Borrowers sought a small 125K 2nd Trust Deed business purpose cash out loan on this owner-occupied SFR in Huntington Beach, Orange County, CA. Loan proceeds will be used to finance expanding sales and marketing activities for borrowers’ wholesale building products business that services local small to medium sized developers. The borrowers $498K 1st TD is a…