A hard money ‘Blanket’ loan recently closed on four lots in Hayward, CA 94541. The loan provided funds for the acquisition of four parcels – three vacant residential lots plus an improved residential lot – for spec development. The Ohlone and Yrgin Indians, Spanish rancheros, and apricot farmers all play an important role in Hayward’s rich history. Known as the “Heart of the Bay,” the City of Hayward is the sixth-largest city in the Bay Area, with 150,000 residents and a thriving regional center of commerce, manufacturing activity and trade.
Here are the loan details:
- SFR
- Purchase – Blanket Loan
- Purpose – Spec Development
- Loan-to-Value (Combined) – 47%
- First Trust Deed
- 60 Month Term
- Principal & Interest Payments
- Alameda County, CALIFORNIA
- PRINCIPAL AMOUNT: $500,000.00
For more information on our Hard Money Loans or Trust Deed Investments, call our office at 714.838.1474 ext. 102 or visit our:
