A hard money Blanket loan closed on an Affordable Housing Portfolio in Los Angeles County, CA.
This purchase loan provided acquisition funds to acquire a portfolio of 5 affordable housing apartment buildings.
Affordable Housing – For many disadvantaged, working and lower income families, homeownership is out of reach. The benefit of affordable housing is in its ability to enable families to have the opportunity to live in communities close to work, education, and affordable transportation, while making provision for those most at-risk in our society. Source: Affordable Housing News
Here are the loan details:
- Mulit-Family Buildings
- Purpose – Investment
- Loan-to-Value (As Is) – 63%
- First Trust Deed
- 60 Month Term
- Principal & Interest Payments
- Los Angeles County, CALIFORNIA
- PRINCIPAL AMOUNT: $1,700,000.00
For more information on our Hard Money Loans or Trust Deed Investments, call our office at 714.838.1474 ext. 102 or visit our: