Hard Money Loan Closed in Pinon Hills, California

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Hard Money Loan Closed in Pinon Hills, California

A hard money ‘Fix & Flip’ loan recently closed on a manufactured SFR dwelling in Pinon Hills, CA 92372. The loan provided funds to acquire and rehab a manufactured single-family residence located in Piñon Hills, a tri-community that consists of Piñon Hills, Phelan and Wrightwood. The property, bank owned and sat vacant for five years, is a total fixer-upper, will be renovated and marketed for resale.

Here are the loan details:

Manufactured SFR-DETACHED
Purchase – REO
Purpose – Acquisition/Fix & Flip
Loan-to-Value – 55% “ARV”
First Trust Deed
60 Month Term
Principal & Interest Payments
Pinon Hills, CALIFORNIA
PRINCIPAL AMOUNT: $126,000.00

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 G. David Lapin| 2018-05-20T11:00:54+00:00 May 20th, 2018|Categories: Loan Closings|0 Comments

About the Author: G. David Lapin

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.