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A hard money loan closed on a single-family dwelling in Littlerock, CA.
This purchase loan provided acquisition funds to acquire a rental property. Borrower is a real estate investor and intends to keep the subject as long term rental.
Founded in 1893, Littlerock is about 50 miles north of Los Angeles in the foothills of the San Gabriel Mountains and is an agricultural town with approximately 12,600 residents. Known today for its orchards, fruit stands, and antique stores, and dubbed “The Fruit Basket of the Antelope Valley,”.
SFR
Purchase Loan – Standard Sale
Purpose – Acquisition of a SFR rental
Loan-to-Value (AS IS): 45%
First Trust Deed
60 Month Term
Principle & Interest Payments
Los Angeles County, CALIFORNIA
PRINCIPAL AMOUNT: $42,000
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