| Street Address: | North Lang |
| Loan Amount: | $154,375.00 |
| Purchase Price: | $237,500.00 |
| Appraised Value: | $240,000.00 |
| Loan to Value: | 65% |
| 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: | Funded |
| Trust Deed Status: | Sold |
Contact Information:
David GoldenOffice: 949.467.9288
Mobile: 949.500.1917
Email: dgolden@goldencapitalgrp.com
Trust Deed Inquiry
Property Description:
- Experienced in-fill home builder is purchasing this vacant lot to build 1 spec home
– Our company is funding a 65% 1st trust deed and a 5% 2nd trust deed
– Borrower is bringing in 30% down payment
– Only the first trust deed is available to purchase, our fund will portfolio the 5% 2nd trust deed (we keep “skin in the game”)
– The borrower will obtain permits from the city and prep the lot, then obtain construction financing
