Trust Deed Loans in L. A. Top $2.7 Billion
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Southland lenders reported a total of $2,754,948,532 lent on trust deeds in Los Angeles County in February, $1,185,847,142 in Orange County, $1,022,792,095 in San Diego, $447,007,606 in San Bernardino County, and $411,957,475 in Riverside County, according to Ticor Title.
In Los Angeles County, money lent to purchase existing property amounted to $1,555,276,522 and refinancing accounted for $3,096,703,290. Construction lending totaled $734,964,371, up slightly from January.
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