Retired contractor and full-time senior accountant soughta true Bridge Loan to purchase what will be their new primary residence. Our new loan isa blanket 1stTD on the subject property in Aguanga in Riverside County, and, a 2ndTD on the cross collateralproperty in Aliso Viejo in Orange County. The Aliso Viejo property is currently in escrow and escrow is scheduled to close by the end of July on that property which will then be partially reconveyedfrom our Trust Deed.
The subject is a two storybi-level style SFR in the Lake Riverside Estates community in Aguanga. Lake Riverside Estates is an equestrian and aviation community between Temecula & Anza. The subject has 11 total rooms with 4 BR/3.5 BA and an attached 2-car garage. Subject is 3,213 SF and sits on a 2.74 acrelot. The cross collateralproperty is a 2BR/1BA condo in Aliso Viejo with 1,022 SF. The condo is located in the Heather Ridge community and is located near the 73 tollroad, shopping, schools, restaurants and medical facilities.
Recent Transaction – $304,850 Business Purpose Aliso Viejo, Aguanga, CA
