LAGUNA BEACH EQUITY CASH OUT LOAN


  • Laguna Beach, CA
  • $150,000
  • Single Family Home
  • 2nd Trust Deed

Equity Cash out

This Private Money Bridge loan was secured by a second trust deed.  The Single Family Home in Laguna Beach.  The home appraised for $2,335,000 and had an existing 1st mortgage balance of $1,500,000.   The combined loan-to-value with this new 2nd trust deed mortgage is 65% based on an appraised value. Nationwide Mortgage was able to secure funding in less than 10 business days.

Borrower Plan

This Borrower had equity in his property.  Nationwide Mortgage funded this $150,000 cash out loan so that the borrower could purchase another rental property.