We are orginating a new hard money loan for Southern California. This trust deed is for $108,500 and it’s a refi. It is for 3 years & pays 11%.
We have a current appraisal for $155,000. It was purchased in May of 2011 for $138,000. It’s a 4br-2ba 2 car garage and 1779 sq ft.
Here is the Youtube video. This is a nice quiet neighborhood.
Call if you are interested. We do San Diego hard money loans and Los Angeles hard money loans. If you are tired of earning less than 1% in your bank CD, give me a call.