Construction Completion Loan In San Bernardino, CA!

By G. David Lapin On June 26 2023

A hard money loan closed on a SFR in the City of Lake Arrowhead, CA.

Widely known as "The Alps of Southern California", Lake Arrowhead (taking the name from the rock formation in the form of an Arrowhead on the face of the San Bernardino Mountain, near Arrowhead Hot Springs, which is rooted in Indian legend and found at the bottom of Highway 18) is an unincorporated community and a census-designated place in the San Bernardino Mountains of San Bernardino County, California, surrounded by the San Bernardino National Forest, and surrounding the eponymous Lake Arrowhead Reservoir.

Residential SFR

Cash-out

Purpose – Construction Completion

Loan-to-Value (CV): 37%

First Trust Deed

12 Month Term

Principle and Interest Payments

San Bernardino County, CALIFORNIA

PRINCIPAL AMOUNT: $350,000

For more information on our Hard Money Loans or Trust Deed Investments, call our office at 714.838.1474 ext. 102 or visit our:www.hanovermc.com

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DISCLAIMER
Hanover Mortgage Company is California licensed only. Real Estate Broker – California Department of Real Estate. Broker License #01410448 │ NMLS I.D. Number: 337458. INTEREST RATES CAN CHANGE WITHOUT NOTICE. ASK US FOR CURRENT RATE INFORMATION. BORROWERS AND PROPERTIES MUST QUALIFY. CONDITIONS AND RESTRICTIONS MAY APPLY. Loan programs, amounts, rates and terms are subject to change without notice. Loan approval is not guaranteed and all loan applications are subject to verification of acceptable credit, income, employment, lien position and value of collateral in the sole discretion of Hanover Mortgage Company. Flood and/or property hazard insurance may be required. Additional fees, conditions, restrictions and limitations may apply. Not all programs are available in all areas. The interest rate for adjustable rate mortgage loans is subject to increase. Please contact Hanover Mortgage Company to determine your eligibility for a specific loan product. Hanover Mortgage Company does not offer financing for those transactions defined as ‘Covered Loans’ or ‘High Cost Loans’ in any state or federal law. Hanover Mortgage Company is a Mortgage Broker. Mortgage Broker fees will apply unless stated otherwise. Disclosure: Money invested through a mortgage broker is not guaranteed to earn any interest or return and is not insured. State law dictates that we acknowledge that interest on trust deeds is not guaranteed. No investment is completely risk free and past performance is not a guarantee of future results. Before investing, investors must be provided applicable disclosure documents. Investment Products: Are Not FDIC Insured • Are Not Bank Guaranteed • May Lose Value • Are Not a Deposit • Are Not Insured by Any Federal Government Agency.

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