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
  • Purchase
  • 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:

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