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Apart from, these arduous cash lender, hard money loans san diego supply the required sum of money, fairly simply and hard money loans san diego shortly as in comparison with different banks.The new property is listed for $1,170,000. Cathleen might eliminate the loan at any point in time by paying off the $936,000 in precept, however she will have to pay $10,140 month-to-month interest payments ($936,000 principle x 13% interest price / 12 months) within the meantime, or as much as the purpose the note expires. Since she can't get a conforming loan from a bank, she appears to be like to All American Lending Group for a business laborious money mortgage. As a result of there isn't any pre-payment penalty, the only additional price she should pay is the $9,360 origination value which she pays when the deal closes. Cathleen owns a enterprise in Davis, CA and desires to buy a brand new office space for her operations. 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