Recently Funded Hard Money Loan in Corona, CA for $200,000

Recent Transaction – $200,000 Business Purpose Cash Out, Corona, CA

High FICO score borrower and real estate investor was seeking a business purpose cash-out 1st Trust Deed on this property located in Corona.  Funds will be used to complete construction of the property.  The property promises to be an ideal starter home due to its prime Riverside County location and the fact that the area has no mello roos, HOA or special assessments.

This single-story SFR is currently under construction.  The home will feature 7 total rooms, 1,700 sqft of livable space and 3 BR and 2 BA and a 2-car attached garage. Property is in a very good location near HWY 91 and Interstate 15. The Plaza on Sixth St Shopping Center is just a few minutes away as well as restaurants, schools and medical facilities.