Hard Money Multi Family 5 Plex Loan
By G. David Lapin On June 18 2023
Cash out Refi for multi Family repositioning loan in Glendale Caifornia
Glendale lies in the Verdugo Mountains and is a suburb and fourth largest city in the Los Angeles metropolitan area and is surrounded by Southern California's leading commercial districts. Six individuals contributed land to create the original 150-acre townsite which was named Glendale. This was platted, filed, and recorded, with the County Recorder as the "Town of Glendale" in 1887. In 1906 the City was incorporated and today is divided into 34 neighborhoods with a reported population of 191,719 and 76,269 housing units of which 27,535 (38.1%) were owner-occupied, and 44,734 (61.9%) were occupied by renters, has a median household income of $53,020, with 14.2% of the population living below the federal poverty line. Glendale has one of the largest communities (65,343) of Armenian descent in the United States 65,343 and representing 40% of the total population. In 2014, Glendale was named the ninth-safest city in America.
Cash out Refi 1st and 2nd nd Mortgage combo for repositioning
Residential Multi Family Residence: Five (5) Units in Glendale, CA 91201
1st $376,000 LTV 35%
2nd $150,000 CLTV 51%
Glendale, CA 91201
For more information on our Hard Money Loans or Trust Deed Investments, call our office at 714.838.1474 ext. 102 or visit our:www.hanovermc.com