Hard Money Loan Closed in Crestline, California

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Hard Money Loan Closed in Crestline, California

A hard money ‘Working Capital’ loan recently closed on a newly renovated residential duplex in Crestline, CA.  The loan provided funds for additional real estate investing to a real estate investor. The property will be held for rent.

Here are the loan details:

  • Residential Duplex x2
  • Cash-out
  • Purpose – Working Capital
  • Loan-to-Value – 60% “AS IS” Value
  • First Trust Deed
  • 60 Month Term
  • Principal & Interest Payments
  • San Bernardino County, CALIFORNIA
  • PRINCIPAL AMOUNT: $320,000.00

For more information on our Hard Money Loans or Trust Deed Investments, call our office at 714.838.1474 or visit our:

Hard Money Loan E-BookFrequently Asked Questions

By |2018-03-30T07:52:53+00:00March 21st, 2018|Categories: Loan Closings|0 Comments

About the Author:

G. David Lapin is the president and Broker of Record of HanoverMC, a private money lending and trust deed investment firm located in Orange County, California and is an author and speaker on the topic of private money lending and trust deed investing. Lapin was most recently featured in Robert Irwin’s book “Armchair Real Estate Investor” and hosted his own radio show “The Hard Money Hour”. Lapin's professional career in real estate encompasses 30 years of entrepreneurial experience in both the commercial and residential sectors, bridging property management, development, construction, investment sales and finance including residential mortgage banking and brokerage - originating, processing and closing 5,000 + purchase & refinance transactions, and the underwriting and funding of private money transactions.

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