Hard Money Loan Closed in San Bernardino, California

A hard money blanket loan recently closed against three SFR dwellings in San Bernardino, CA. This was a cash-out loan against three properties, all remodeled and tenant occupied with stabilized rents and positive cash-flow. Proceeds were used to finance the purchase of an investment property for a real estate investor.

Here are the loan details:

SFR’s – DETACHED
Refinance – Cash-out
Purpose – Investment Capital
Loan-to-Value: 55% “AS IS” Value
First Trust Deed
60 Month Term
Principal & Interest Payments
San Bernardino County, CALIFORNIA
PRINCIPAL AMOUNT: $214,000.00

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|2017-11-12T12:00:22-08:00May 22nd, 2017|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.