Hard Money Loan Closed in Menifee, California

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:

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