$356,000 – Second Loan / Apartments, Bay Area

Apartments, Bay Area
$356,000 – Second Loan

Purpose: Cash out to purchase more units
Number of Units: 70
First Loan: $3,643,640
Terms: Interest only @9.00% for 5 years.
3 Points.
Comments: Property being “rehabed” for future sale. We made disbursements to roofer as work was being completed.