Hard money loan to cash out equity on a condominium in Downtown San Jose. The borrowers needed funds to use for their business. The property is a luxury condo building which was built in the mid-2000’s. The unit was owned free-and-clear with an estimated value of $500K. The borrower used private money because they needed to fund fast. Nationwide Mortgage was able to fund this loan just 10 days after receiving the initial inquiry.