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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