2ND TD LOAN
California Only
Inbanet’s 2nd TD loan program is designed for borrowers who have a long term conventional loan with such a low interest rate that borrowers would not want to pay it off.
This loan is strictly for commercial/business purpose use. The cash out usually give borrowers an advantage to invest in their own business for growth and expansion or down payment plus closing cost for their real estate investment acquisitions.
65% CLTV (Residential)
60% CLTV (Commercial)
Southern California
(Major Metro Areas & Certain Counties in Bay Area)
Starting Rate 13%
3-4 Points
7-10 Day Close
Loan Amount from $50,000 to $1 Million
(Larger amount case by case)
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