Loan Request for Residential loan in Los Angeles, CA, 90037

Request #3691983 by Lender

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3/24/2021 12:40:53 PM
Los Angeles, CA, 90037, USA Show Map
58.46 %
$1,000,000 - $4,000,000
Refinance all
The property was purchased as distressed property and was completely Renovated. Was stripped to framing Skelton and rebuilt. Borrowers are experienced developer they own several other properties in the area. _____________________________The new loan will pay an existing hard money loan that is now due. No cash out. _________________________ The borrower are willing to also pledge an additional property with equity on 4238 Raymond Ave. with estimated market of $700,000 and existing loan of only $320,000. They plan to rent the property and are looking for a long term bridge 2-3 years

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