ORANGE COUNTY SFR 2ND MORTGAGE HARD MONEY LOAN


  • Mission Viejo, CA
  • $20,000 Loan Amount
  • Single Family Residence
  • 2nd Trust Deed

Loan Type:

2nd mortgage to cash out equity on a with a $535,000 1st mortgage balance. The combined loan to value was 83%  based on an internal review of value and the loan term was 1 year.

Property Type:

The property was a 4-bedroom 3-bath home near Lake Mission Viejo, and it was owner-occupied.   It was their primary residence and worth about $670,000

Purpose of the loan:

The borrower needed the funds for working capital for his automotive business.

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