Recently Funded Hard Money Loan in Santa Ana for $200,000

Recent Transaction – $200,000 Business Purpose Purchase, Santa Ana CA

Previous successful Mortgage Vintage borrower and experienced fix and flip professional was seeking a business purpose 1st Trust Deed to purchase these 2 properties in Santa Ana.  Borrower is a successful home builder and Realtor in Santa Ana and owns multiple investment properties in Orange County.

3506 & 3510 5th Street are 2 separate parcels and are being sold together.  This is an Infill opportunity in Santa Ana consisting of 2 adjacent lots totaling 11,069 Sq. Ft. Borrower plans to convert the existing unit into a Duplex and construct another duplex on the adjacent  lot.  Rental… extra income from Billboard sign lease, $2,800/Year now until 2026 * There is alley in the back of the properties providing driveway access to the new properties.  Zoned SP2.