A large real estate property near a beach

37 26th Avenue #A, Venice, CA 90291

Purpose: To have access to working capital until home is sold.
Property Value: 3rd Party Appraisal at $2 Million
Size: 3 BD, 3 BA, 1900 sf
• Built in 1992
Loan Amount: $315 thousand
CLTV: 42%
Term: 12 months
Interest Rate: 10.9%
Source of Loan: Realtor referral