Hard Money Loan Closed in Redondo Beach, California

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:

Hard Money Loan E-Book │ Frequently Asked Questions