Hard Money Land Loan Closed In Temecula, California

By Jo-Ann Lapin On August 29 2023

A hard money loan closed on a vacant parcel of land in Temecula, CA 92590

This loan provided acquisition funds against 9.8 acres of residential/agricultural land to be developed with an SFR improvement and sold for SPEC.

Temecula is well known for its championship golf courses, a climate perfect for serene and beautiful hot-air ballooning adventures, and award-winning wineries nestled in 3,000 acres of picturesque wine country. Located in the heart of Temecula, the Old Town district blends historic buildings with over 640 antique dealers, unique shopping, and restaurants.

Agricultural & Residential LAND.

Standard Purchase

Purpose – Acquisition

Loan-to-Value (As Is): 50%

First Trust Deed
36 Month Term
Principle & Interest Payments
Riverside County, CALIFORNIA
PRINCIPAL AMOUNT: $79,000.00

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

Get a FREE Quote

Get Started With No

Why Wait Apply Today And Work With California's GO TO Bank-Alternative Financing Company

Apply Now

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.

Article Post