SECC is pleased to announce the closing of a $350,000 cash-out refinance loan made against a non-owner occupied residential condo located in Los Angeles, CA. The borrower was looking for a quick, hassle-free, short-term loan that would still offer a competitive rate and the cash-out he needed. SECC was able to provide a 7.75%, interest only loan, fixed for 12 months and close fast.