A hard money ‘Construction Completion’ loan recently closed on a residential duplex in Redondo Beach, CA. The loan financed the balance of unfinished renovations to four units and common area of an investment property for a real estate investor. Upon renovation, the property will be held for rental.
Here are the loan details:
- Residential Duplex x2
- Cash-out
- Purpose – Renovation Completion
- Loan-to-Value – Combined: 38% “AS IS” Value
- Second Trust Deed
- 60 Month Term
- Principal & Interest Payments
- Los Angeles County, CALIFORNIA
- PRINCIPAL AMOUNT: $240,000.00
For more information on our Hard Money Loans or Trust Deed Investments, call our office at 714.838.1474 or visit our:
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