Recently Funded Hard Money Loan in Altadena, CA for $500,000

Restaurant owner was looking for a business purpose loan cash-out to pay off the $70k 3rd TD she used to purchase the commercial property.   El Caporal’s Tacos draw hungry fans from all over AltaDena and Pasadena. Coupled with outstanding service, the restaurant continues to earn significant income.  Previous seller has a carryback 2nd that has subordinated. Borrower brought in over $100k.Subject Property is a 2,038 s.f. commercial building sitting on a large 12,680 s.f. lot located in urban area of Altadena, CA. Property is currently used as a commercial restaurant with newer electrical system, plumbing and newer paint.

Download Recent Transaction – $500,000 Business Purpose, Altadena, CA