1. Loan Purpose: Repeat successful MVI borrowers are seeking a 2nd TD rate and term business purpose loan of this owner occupied SFR in Aguora Hills, Los Angeles County, CA. The purpose of this loan is to pay off a $200K MVI loan that is maturing. The current and in good standing 1st TD is $532,904 at a fixed PI rate of 4.44%, monthly payments $3,415, maturing May 1, 2037. Exit strategy: borrowers own another property they intend to sell to pay off this new loan.
2. Property Description: The subject property is a two story, ranch style SFR located in a desirable suburban city of Aguora Hills, near Westlake and Calabasas, Los Angeles County, CA. The subject property sits on a 1.44 acres lot with 2,165 SF living space. The SFR features 7 total rooms, 4 BED / 2 BA and a two-car attached garage. The SFR also features a pool and several patios with spectacular views. The SFR is well located near several schools, restaurants and shopping. The SFR is just North of the 101 Ventura Highway.
What we like about this Trust Deed opportunity:
- Current, successful MVI borrower
- SFR in popular Los Angeles Suburban neighborhood
- 12.00% Investor Yield
- 6 Months Guaranteed Interest
- 4 Months Prepaid Interest
$230,000 2nd TD @ 12.00%, OO, SFR, 55.08% CLTV, $46,000 Min., Los Angeles, CA
