Hard Money Loan Closed in Santa Ana, California

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Hard Money Loan Closed in Santa Ana, California

A hard money ‘Fix & Flip’ loan recently closed on a single investment property in Santa Ana, CA 92706.  The loan provided funds to acquire and rehab a single-family residence located in Floral Park, a distinct residential neighborhood with 600+ vintage homes, most of which were built from the 1920s through the 1950s. The property, a total fixer-upper, will be renovated and re-marked.

Here are the loan details:

  • Residential SFR
  • Purchase – Standard Sale
  • Purpose – Acquisition/Fix & Flip
  • Loan-to-Value – 70% “AS IS” Value
  • First Trust Deed
  • 60 Month Term
  • Principal & Interest Payments
  • Orange County, CALIFORNIA
  • PRINCIPAL AMOUNT: $461,000.00

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-BookFrequently Asked Questions

By |2018-05-07T14:49:25+00:00April 30th, 2018|Categories: Loan Closings|0 Comments

About the Author:

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.

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