
First Mortgage Land Loan Cash out Refinance Funded Loan
This working capital loan was made to a Professional Full Time Real Estate Investor seeking a cash out refiance for other real estate Projects.
Residential Infill lot
Cash-out
Purpose – Working Capital
Loan-to-Value (As Is): 45.33% of ‘As Is’ Value
First Trust Deed
12 Month Term
San Diego , CALIFORNIA 92105
PRINCIPAL AMOUNT: $68,000
An real estate investor in San Diego, 92105 needed a raw land cash out refinance. Hanovermc funded a 68,000 1st Trust deed enabling the client to push forward with other real estate projects.
HanoverMC funded a $68,000 1st mortgage hard money bridge loan at 45.33% of ‘As Is’ Value with a 1 Year Balloon and No Pre payment penalty.
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