A hard money ‘BRRRR’ loan closed on a Manufactured SFR in Clearlake, CA 95422.
The loan provided Acquisition and Rehab funds to a seasoned real estate investor to buy, repair, rent and hold a 2-bedroom, 1.5-bath manufactured home – adding it to his buy-and-hold portfolio. Known as the “Bass Capital of the West,” Clearlake is a city that surrounds a natural freshwater lake in Lake County, the largest and possibly oldest freshwater lake in California. Archaeologists believe that the Clear Lake basin has been occupied by Native Americans for at least 11,000 years. Clear Lake was used as an outlying seaplane base for Alameda Naval Air Station during World War II and the early years of the cold war. Source: Wikipedia®
Here are the loan details:
- SFR – Manufactured, Detached
- Purchase
- Purpose – BRRRR
- Loan-to-Value (Subject To) – 46%
- First Trust Deed
- 60 Month Term
- Principal & Interest Payments
- Lakes County, CALIFORNIA
- PRINCIPAL AMOUNT: $40,000.00
For more information on our Hard Money Loans or Trust Deed Investments, call our office at 714.838.1474 ext. 102 or visit our:
