An LLC formed by investor Truong Pham of Santa Ana has acquired 108 lots in Menifee.  The lots are located south of Simpson Road and east of Lindenberger Road in Menifee.  The Seller of the property was an entity formed by RC Hobbs.  Recorded information shows that the deal closed on June 25, 2009.  The documentary transfer tax stamp recorded on the deed implies a total transaction size of $1.35 million, though the price could not be confirmed with Buyer or Seller.  The lots had been partially improved, though no final map had been recorded.

Pham and his partners have been actively looking for development opportunities in the vulture market and are rumored to be using overseas investors for equity financing.

The deal was brokered by David Harbour of Whittlesey-Doyle.  Harbour can be reached at 949-789-4555.

Title was handled by First American – National Homebuilder Services.