| Street Address: | Las Lunitas Ave |
| Loan Amount: | $227,500 |
| Purchase Price: | $350,000 |
| Appraised Value: | $350,000 |
| Loan to Value: | 65% |
| Investor Yield: | 9.0% |
| Property Type: | 2 Untis |
| Occupancy: | Non Owner Occupied |
| Term: | 40 due in 1 year |
| Loan Status: | Funded (8-2-2013) |
| Trust Deed Status: | Sold |
Contact Information:
David GoldenOffice: 949.467.9288
Mobile: 949.500.1917
Email: dgolden@goldencapitalgrp.com
Trust Deed Inquiry
Property Description:
- 2 small houses on a large 11,000+ sq.ft lot
– 2 borrowers on the loan with good credit, assets and real estate experience
– Our private fund will hold a 5% 2nd trust deed (65% 1st, 5% 2nd)
– Borrowers put down a 30% down payment
– Borrowers will rehab property then rent it out
– Once the property is fixed up and rented, they will refinance into a loan with lower rate
– Borrowers will refinance into lower rate by end of our loan term
