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:

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