W 47th Street, Los Angeles

$275,000 2nd lien at 50% LTV on a construction loan.  $800,000 current…

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    Loan Description

    $275,000 2nd lien at 50% LTV on a construction loan.  $800,000 current value with good upside once completed.

    10.25% yield on a 10.99% note for 3 years with a 6 month prepay penalty term.
    Borrower has most of the materials, needs money for labor costs to complete the 3 unit remodel.

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