Borrowers sought a 1st TD loan to complete construction on this non-owner occupied “free & clear” SFR and land property in Ripon, San Joaquin County, CA. Borrowers have 657k “skin in the game”. Borrowers purchased the land free and clear in 2020 for 260k and have invested 397k personal funds to date on the major construction of project: grading/foundation/framing. Funds from this loan will be put into “funds control” to complete the final stage of construction/upgrades such as roofing/sliding/cabinets. Final stage will begin immediately and exit strategy from our loan is a conventional refinance within this 12 month loan term.


The subject property when finished will be a brand new, custom, 1 story SFR in the “Historic” town of Ripon known as the “Jewel of the Valley” in San Joaquin, CA. The subject property will have 3,519 SF of living space, sitting on a 87,120 SF lot (2 acres). The subject property will have a total of 9 rooms, 4 Bed / 4.5 Bath, attached 3 car garage. The subject will feature its own solar power and well. The subject property is well located in a charming rural community just north of Modesto and south of Stockton, CA and just over an hour straight east of San Francisco, CA. The subject property is within 10 minute proximity to many shopping plazas, shops, restaurants and schools.


What we like about this Trust Deed opportunity:

  • Borrowers have 657k “skin in the game”
  • 9.50% Annualized Return
  • 6 months Guaranteed Interest
  • 3 months Prepaid Interest

$330,500 1st TD @ 9.50%, 26.23% LTV on After Completion Value, Const., 12 mos., 5 mos. prep., Ripon, CA

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