A hard money ‘BRRRR’ loan closed on a Manufactured SFR in Clearlake Oaks, CA 95423.
The loan provided Acquisition and Rehab funds to a seasoned real estate investor to buy, repair, rent and hold a 3-bedroom, 2-bath manufactured home – adding it to his buy-and-hold portfolio. Clearlake Oaks is a census-designated place in Lake County, California, United States. It is located on the extreme southeast of Clear Lake, 13 miles east-southeast of Lakeport, at an elevation of 1,335 feet. The population was 2,359 at the 2010 census, down from 2,402 at the 2000 census. The community was formerly named Stubbs and Clear Lake Oaks. The Stubbs post office opened in 1926, and changed its name to Clearlake Oaks in 1935. The name Stubbs honored Charles Stubbs, a local landowner. Source: Wikipedia®
Here are the loan details:
- SFR – Manufactured, Detached
- Purchase
- Purpose – BRRRR
- Loan-to-Value (Subject To) – 54%
- First Trust Deed
- 60 Month Term
- Principal & Interest Payments
- Lake County, CALIFORNIA
- PRINCIPAL AMOUNT: $70,000.00
For more information on our Hard Money Loans or Trust Deed Investments, call our office at 714.838.1474 ext. 102 or visit our:
