North Highlands Los Angeles

This is a 2nd position loan with two wonderful properties as collateral.…

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    Loan Description

    This is a 2nd position loan with two wonderful properties as collateral. 1422 North Highlands is the borrowers business he has owned and operated out of this location for 9 years. The property is estimated at 3 Million and the existing first is only 1.25 M. The other property to be encumbered is 3043 Durand Avenue, Los Angeles, CA. This is worth 3.5 - 4 Million and has an existing first of 1.7M. Conservatively the combined LTV on this deal is 55%. That said, both properties have enough equity to be under 65% LTV by themselves. The loan purpose is to pay taxes and put the down payment on purchasing the adjacent property, 1418 North Highlands.

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      This process is to reserve your loan. Actual loan purchases will be conducted via bank transfer Dismiss