All right fellow officers. After many hours of relentless struggle to actually get out of infinite loading screen I think I have found a solution.
I've modified my gameconfig.xml (replaced stock one with modded one (https://gta5-mods.com/misc/gta-5-gameconfig-300-cars), and experienced infinite loading loop.
I was trying to remove, add, or even modify files but nothing would work.
This is how to solve the problem (my way):
- Go to your "mods" folder and then to update subfolder (Grand Theft Auto V/mods/update)
- Delete uptade2.rpf file
- Open up OpenIV
- Copy update2.rpf to your mods folder from Grand Theft Auto V/update via OpenIV (Right click -> Copy to Mods Folder)
- Launch the game as usual
If this does not work for you, you probably have corrupted gameconfig.xml file. Try using recommended one or just revert to original.