A hard money ‘Blanket’ loan recently closed on two income producing properties in Wildomar, CA 29595. The loan provided for the consolidation of multiple ballooning notes blanketed against two manufactured homes each on a permanent foundation with recorded 443a’s, both located in the county of Riverside, city of Wildomar. The name Wildomar was coined from the names of its three founders — the WIL from William Collier, the DO from Donald Graham and the MAR from Margaret Collier Graham. Wildomar is a community of old and new, more mature homes and acreages with horses and other animals mixed with more modern housing tracts. Nestled between the cities of Murrieta and Lake Elsinore, Wildomar officially became a city on July 1, 2008, at that time home to about 28,000 residents.
Here are the loan details:
- SFR – Manufactured
- Refinance – Blanket Loan
- Purpose – Maturing Notes
- Loan-to-Value (Combined) – 56%
- First Trust Deed
- 60 Month Term
- Principal & Interest Payments
- Riverside County, CALIFORNIA
- PRINCIPAL AMOUNT: $270,000.00
For more information on our Hard Money Loans or Trust Deed Investments, call our office at 714.838.1474 ext. 102 or visit our:
