Riverside, California Hard Money Refinance Loan Single Family Residence
Lien Position: 1st
Loan Amount: $175,000
Loan to Value: 37%
Term: 12 months with no prepayment penalty
Details: Source Capital Funding was contacted by this borrower in need of a hard money refinance loan in Riverside, California. This investment property needed a fast remodel as the prior tenant had moved out and the owner wanted to make updates to command higher rent for the next prospective tenant.