A hard money Acquisition loan closed on a Fix-and-Flip in Canyon Lake, CA 92587.
The loan provided fix-and-flip financing to a seasoned real estate investor for the Acquisition of a HUD REO dwelling to renovate (fix) and sell (flip).
Canyon Lake is a city and private gated community on Canyon Lake reservoir, located in the Inland Empire, Riverside County, California, United States – halfway between Lake Elsinore and Sun City, California. Canyon Lake began as a master-planned community developed by Corona Land Company in 1968. With a current population just over 11,000 residents, this recreation-oriented community was incorporated on December 1, 1990. Source: Wikipedia and City of Canyon Lake
Here are the loan details:
- Residential SFR
- Purpose – Fix-and-Flip
- Loan-to-Value (ARV) – 65%
- First Trust Deed
- 60 Month Term
- Principal & Interest Payments
- Riverside County, CALIFORNIA
- PRINCIPAL AMOUNT: $243,000.00
For more information on our Hard Money Loans or Trust Deed Investments, call our office at 714.838.1474 ext. 102 or visit our: