Borrower is an experienced real estate investor who sought a business purpose 1st TD to purchase this SFR in Sacramento.  The borrower currently makes $5,000 monthly from Airbnb rentals and the estimated rental income for the subject property is $1,710/month, which will more than cover the monthly mortgage payment.  The Purchase Price of the property is at a significant discount compared to the value as the Son of our Borrower lives next door at 725 Harris and has a close relationship with the Seller and has already provided many improvements to the property.   Now that the upgrades are completed the buyer and seller have agreed to a purchase price  of $155k.  The property is now rented for $1,800/mo.

The subject property is a ranch style 1,092 SF home with 5 total rooms and 3 BR/2 BA.  The home sits on a large 10,890 SF lot that allows for RV parking.  The exterior of the home was recently painted and a new fence was installed around the entire lot.  The property also features a covered patio and a shed with laundry and water heater.   The home has easy access to Interstate 80 as well as shopping, restaurants, schools and medical facilities.  The exit strategy from our loan is a conventional refinance.

 

What we like about this Trust Deed opportunity:

  • 678 credit score borrower
  • Experienced real estate investor
  • 10.25% annualized return
  • 60.00% LTV on BPO Value
  • $1,800/month rental income
  • 6 months Guaranteed Interest

$150k 1st TD @ 10.25%, 60.00% LTV of BPO, Purchase, SFR, NOO, 36 mos., Sacramento, CA 95838

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