Wildomar, California – The Borrower is currently in the process of building a New Single-Family Residence on the Subject Property and is replacing the very small house that was previously located on the Subject Property. She has been building the new house from her own funds.
The New Single-Family Residence is approximately 60% completed in Wildomar, California.
The proposed $70,000.00 1st Trust Deed Loan is for the sole purpose of completing all construction and additional improvement to the Subject Property, which will increase its Market Value, and further provide for higher monthly rental income to the borrower.
The Subject Property has an Appraised Value of $330,000.00 in Wildomar, California.
The plan of payback is to refinance the Subject Property prior to the maturity date of the proposed $70,000.00 1st Trust Deed Loan.
Our residential hard money loans are designed to assist borrowers obtain real estate financing especially after their home loan applications have been declined by the banks due to credit or income issues. Our loans are flexible on income and credit, and based on property equity.
We make it as easy as possible for borrowers to get a residential hard money loan in Los Angeles. We base our mortgage loans on the equity borrowers have in their properties, so borrowers won’t have the same bad experience they’ve had in the past with institutional lenders.
18034 Ventura Blvd Suite 244
Encino, California 91316