Closed! Vacant Land Purchase: $64,750, 1st TD, 50.00% LTV, 9.50% Lender Rate in Perris, CA
Experienced real estate investors sought a 1st TD loan to purchase these non-owner occupied 7 vacant land lots in Perris, Riverside County, CA. Borrowers intend to hold on to properties which are zoned for rural residential and build SFRs on each in the future or sell vacant lands as they increase in value. Borrowers are…