Hard Money Loan Closed in Redondo Beach, California

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Hard Money Loan Closed in Redondo Beach, California

A hard money ‘Construction Completion’ loan recently closed on a residential duplex in Redondo Beach, CA. The loan financed the balance of unfinished renovations to four units and common area of an investment property for a real estate investor. Upon renovation, the property will be held for rental.

Here are the loan details:

Residential Duplex x2
Cash-out
Purpose – Renovation Completion
Loan-to-Value – Combined: 38% “AS IS” Value
Second Trust Deed
60 Month Term
Principal & Interest Payments
Los Angeles County, CALIFORNIA
PRINCIPAL AMOUNT: $240,000.00

For more information on our Hard Money Loans or Trust Deed Investments, call our office at 714.838.1474 or visit our:

Hard Money Loan E-Book │ Frequently Asked Questions

By G. David Lapin|2018-03-30T07:54:44+00:00February 1st, 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.