Borrower sought a 1st TD to pay-off current and in good standing $645k 1st TD and the balance of the funds will be held in Funds Control to complete the remodel of this subject property located in the city of West Hills, Los Angeles County, CA. Exit strategy is to pay off our loan from the sale of property proceeds once remodel is complete.
After the remodel, the subject property will be a two story, modern style, SFR with 4,798 SF living space on a 16,552 SF lot. The subject property is located within a “in high demand” West Hills SFR suburban neighborhood with rolling terrain and panoramic City Light views. The subject property will feature a new infinity pool, 11 total rooms, 6 BED / 5 BA , and a 2 car garage and driveway. Additionally, when completed, subject property will feature solid wood floors throughout, crown & base molding, a new gourmet kitchen and all new bathrooms. The subject property is very well located near many schools, parks, shopping plazas, restaurants, and 101 fwy.
What we like about this Trust Deed opportunity:
- Investment SFR w/ city light views in desirable suburban neighborhood
- Funds Control for Remodel Budget
- 9.00% investor yield
- 6 Months Prepaid
- 6 Months Guaranteed