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
