A hard money ‘Cash-out’ loan recently closed on three manufactured units in Menifee, CA. The loan provided funds to retire an existing ballooning note and install Seismic Pier systems on three (3) single-story detached manufactured style SFR’s. The units will be held as rentals.
Here are the loan details:
- Residential Manufactured SFR’s
- Cash-out
- Purpose – Retire Maturing First & Tiedown/Foundation Systems
- Loan-to-Value – 53% “AS IS” Value
- First Trust Deed
- 60 Month Term
- Principal & Interest Payments
- Riverside County, CALIFORNIA
- PRINCIPAL AMOUNT: $175,000.00
For more information on our Hard Money Loans or Trust Deed Investments, call our office at 714.838.1474 or visit our:
I liked your post! I visit your posts often and have shared with my Instagram friends and they really like the posts.
Keep up the awesome posts.