Sierra Vista St. Rancho Cucamonga, CA 91730 (sold)

Street Address: Sierra Vista St.
Loan Amount: $126,750.00
Purchase Price: N/A
Appraised Value: $200,000.00
Loan to Value: 63.38% (based on appraised value)
Investor Yield: 10.00%
Property Type: Vacant Lot
Occupancy: Non Owner Occupied
Term: 40 due in 6 months (plus 6 month extension option)
Loan Status: In Process
Trust Deed Status: Sold

Contact Information:

David Golden
Office: 949.467.9288
Mobile: 949.500.1917

Trust Deed Inquiry

Property Description:

- Experienced in-fill home builder just purchased the vacant lot using all cash

– Our company is funding a 63.38% 1st and 10% 2nd trust deed to replenish his funds

– Only the 1st trust deed is available for purchase, our private fund will portfolio the 2nd trust deed (we keep “skin in the game”)

– Loan term is 6 months with an option to extend for an additional 6 months

– Borrower will obtain permits and prep the lot and then obtain construction financing