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Hard Money Loan Bakersfield, CA
Loan Closings

Hard Money Loan Closed in Bakersfield, California

A hard money Acquisition loan closed on 5-Units in Bakersfield, CA 93308. The loan provided Purchase Money funds to a seasoned real estate investor for the Acquisition of a 5 Unit Residential Income Property with the majority of tenants being long term and having on-site laundry and storage units that provide additional income. Founded in the mid 1800’s, and incorporated in 1870, the town of Bakersville was named for David Baker, one of the first to live in the area around 1790 and described as “a large land owner, innkeeper, merchant and political leader until about 1859, when he and

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Hard Money Loan Adelanto, CA
Loan Closings

Hard Money Loan Closed in Adelanto, California

A hard money Working Capital loan closed on an SFR in Adelanto, CA 92301. The loan provided Working Capital funds to a seasoned real estate investor to use towards the purchase, of additional real estate for investment. The subject property was income producing and existing rent covered debt service/PITI. Adelanto is a city in San Bernardino County, California, United States and was founded in 1915 by E. H. Richardson, the inventor of what became the Hotpoint Electric Iron. He sold his patent and purchased land for $75,000. He had planned to develop one of the first master planned communities in

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Hard Money Loan Ridgecrest, CA
Loan Closings

Hard Money Loan Closed in Ridgecrest, California

A hard money loan closed on an Affordable Housing Community in Ridgecrest, CA 93555. The loan provided Acquisition funds to a seasoned real estate investor to purchase, renovate, stabilize and resell an Affordable Housing Community consisting of 40 single-story, two-unit apartments dwellings. Ridgecrest is a city in Kern County, California, United States, located in the southern portion of the Indian Wells Valley and in the northeast corner of Kern County. Ridgecrest evolved into a growing and dynamic city during the 1950’s and 1960’s as a support community to the Naval Air Weapons Station China Lake, providing housing and services for

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Hard Money Loan Saticoy, CA
Loan Closings

Hard Money Loan Closed in Saticoy, California

A hard money ‘Fix & Hold’ loan  closed on a Manufactured-Duplex in Saticoy, CA 93004. The loan provided Acquisition funds to a seasoned real estate investor to purchase, renovate and hold for investment two double wide modular homes built in 1992 on a 7500 sq. ft. lot.  Saticoy is an unincorporated community in Ventura County, California, United States. The name comes from the Chumash village named Sa’aqtik’oy. The settlement was laid out in 1887 along the railroad line that was being built from Los Angeles through the Santa Clara River Valley to the town of San Buenaventura. Source: Wikipedia® Here

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Hard Money Loan Winchester, CA
Loan Closings

Hard Money Loan Closed in Winchester, California

A hard money ‘Fix & Flip’ loan  closed on a SFR in Winchester, CA 92596. The loan provided Acquisition and Rehab funds to a seasoned house flipper to purchase and renovate a 3-bedroom, 2.5-bath SFR home. Winchester, an unincorporated area and census-designated place in Riverside County, California, USA, is the second oldest community in what is known as the San Jacinto Valley where settlers arrived to what they would call Pleasant Valley in 1879. Founded in 1886, the town was named after the widow of Horace Winchester, Mrs. Amy Winchester. Largely rural for most of its history, and home to

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Hard Money Loan Clearlake, CA
Loan Closings

Hard Money Loan Closed in Clearlake, California

A hard money ‘BRRRR’ loan  closed on a Manufactured SFR in Clearlake, CA 95422. The loan provided Acquisition and Rehab funds to a seasoned real estate investor to buy, repair, rent and hold a 2-bedroom, 1.5-bath manufactured home – adding it to his buy-and-hold portfolio. Known as the “Bass Capital of the West,” Clearlake is a city that surrounds a natural freshwater lake in Lake County, the largest and possibly oldest freshwater lake in California.  Archaeologists believe that the Clear Lake basin has been occupied by Native Americans for at least 11,000 years. Clear Lake was used as an outlying

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Hard Money Loan Clearlake, CA
Loan Closings

Hard Money Loan Closed in Clearlake Oaks, California

A hard money ‘BRRRR’ loan  closed on a Manufactured SFR in Clearlake Oaks, CA 95423. The loan provided Acquisition and Rehab funds to a seasoned real estate investor to buy, repair, rent and hold a 3-bedroom, 2-bath manufactured home – adding it to his buy-and-hold portfolio. Clearlake Oaks is a census-designated place in Lake County, California, United States. It is located on the extreme southeast of Clear Lake, 13 miles east-southeast of Lakeport, at an elevation of 1,335 feet. The population was 2,359 at the 2010 census, down from 2,402 at the 2000 census. The community was formerly named Stubbs

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Loan Closings

Hard Money Loan Closed in Rossmoor, California

A hard money ‘Fix-n-Flip’ loan  closed on an SFR in Rossmoor, CA 90720. The loan provided Rehab funds to a seasoned real estate investor/flipper for a pending property flip of an SFR in probate. The subject property is located in a planned census-designated place called Rossmoor, an unincorporated area of Los Alamitos, in the county of Orange. In the early 1950s, the growth of southern California and the need for housing became evident. Along came Ross Cortese, a young developer with a vision and the desire to build a large, exclusive community. This community of 3,500 homes was the largest

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Loan Closings

Hard Money Loan Closed in Los Alamitos, California

A hard money ‘Second’ loan recently closed on an SFR in Los Alamitos, CA 90720. The loan provided Rehab funds to a seasoned real estate investor/flipper for a pending property flip of an SFR in probate. On March 1, 1960, the township of Los Alamitos became a chartered city. Los Alamitos means the Little Cottonwoods or Poplars in Spanish, after the native Fremont Cottonwood trees there. The city of Little Cottonwoods was affectionately described as A Jewel of a City.  Here are the loan details: SFR – Detached Cash-Out Purpose – Rehab Funds Loan-to-Value (Combined) – 33% Second Trust Deed 60 Month

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Loan Closings

Hard Money Loan Closed in Wildomar, California

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

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