Hard Money Loan Closed in Saticoy, California

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 are the loan details:

• Residential, Manufactured, Duplex
• Purchase
• Purpose – Fix & Hold
• Loan-to-Value (As Is) – 65%
• First Trust Deed
• 60 Month Term
• Principal & Interest Payments
• Ventura County, CALIFORNIA
• PRINCIPAL AMOUNT: $325,000.00

For more information on our Hard Money Loans or Trust Deed Investments, call our office at 714.838.1474 ext. 102 or visit our:www.hanovermc.com