Hard Money Loan Closed in Fontana, California

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Hard Money Loan Closed in Fontana, California

A hard money acquisition loan recently closed on a commercial building in Fontana, CA 92335.  The loan provided funds to acquire a two-story office building on a corner lot with frontage onto a busy commercial street and a secondary street, built in 2005 and located in Fontana, the second largest city in San Bernardino County, and the 20th largest in the State. The property will serve as a long-term investment.

Here are the loan details:

  • Commercial office Building
  • Purchase – Standard Sale
  • Purpose – Acquisition/Investment
  • Loan-to-Value – 60% “CMV”
  • First Trust Deed
  • 60 Month Term
  • Principal & Interest Payments
  • Fontana, CALIFORNIA
  • PRINCIPAL AMOUNT: $600,000.00

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

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By |2018-08-07T05:40:11+00:00June 3rd, 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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