Acquisition loan of this single-family residential property in San Francisco that needed renovations. The property was purchased for investment purposes. Furthermore, additional security was added to allow the borrower to access additional funds to renovate the property.
Loan Amount: $800,000
CLTC: 60%
Loan Position: 1st Deed of Trust on investment acquisition (top picture) and 1st Deed of Trust on additional collateral (bottom picture)
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