Recently Funded Hard Money Loan in Lake Elsinore for $150,000.00

698 fico score borrower was beginning the process of selling her current primary residence in Lake Elsinore to acquire a new permanent residence in Palm Desert which will be her retirement home.  To accomplish this move, the borrower needed a 1st TD Bridge Loan for the down payment of her new primary residence.

The subject property is a two-story contemporary SFR sitting on a 6,969 sqft lot in a beautiful Lake Elsinore community in Riverside County.  Borrower is the original owner of this home which was built by K. Hovnanian in 2009.  Subject is a 2,595 sqft two-story contemporary design with 7 total rooms including 4 bedrooms and 3 baths.  Property features a large family room, living room, loft, in-ground pool and spa.  The subject property is situated in the hills above McVicker Park and just a few minutes’ drive to Lake Elsinore, HWY 74 and I-15.  Schools, recreation, shopping, restaurants and medical facilities are all nearby.

Recent Transaction – $150,000 Business Purpose, Lake Elsinore , CA