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.
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