Cash Out Refinance of Trustee Sale Property


studio city

Lone Oak Fund, LLC just closed a $1,046,000 loan, secured by a first trust deed on a 4,429 square foot single family residence in Studio City. The borrower, an experienced real estate investor, purchased the property all cash at a recent trustee sale. Lone Oak Fund, LLC provided cash out financing at 65% of the borrower’s purchase price for 12 months, 7.90% interest only, and 1.50 points.




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