HARD MONEY LOAN WEST LOS ANGELES


  • Los Angeles, CA
  • $180,000 Loan Amount
  • Single Family Home
  • 2nd Trust Deed

Hard Money 2nd Trust Deed Loan

This is a Hard Money loan secured by a 2nd trust deed.  It’s a Single Family home in West Los Angeles, and is close to Santa Monica. The appraised value is $975K and with an existing 1st mortgage balance of $245K.  Therefore,  the combined loan-to-value TV for this 2nd TD loan is just 43%.

Borrower with Home in Santa Monica

The Borrower recently inherited the property.  He needed the funds to expand her jewelry business.  The Borrower plans to sell the property  or refinance with a conventional mortgage.   He plans to pay the loan within 3 years.