Hard Money In Second Position On A House That's 66% Ltv In Calif?

ccbarrcc

LoanSafe Member
Jul 21, 2015
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2
3
Just asking. Anyone know of a legit hard money lender that would lend $30K against a house worth about $600K, with a current first with a balance of about $397K? An additional $35K loan would put it at 71% LTV. There's no other loan against the property, and no liens.
 

Erik Sandstrom

Mortgage Expert - Call 1-619-379-8999
Staff member
Loan Safe Mortgage
Jan 14, 2011
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San Diego, California
www.loansreduced.com
I honestly don't know of a hard money lender that would lend anything that low of a balance or agree to stay in 2nd position. Have you thought about refinancing the 1st mortgage cash out?