Successful real estate investors and previous Mortgage Vintage Borrowers are seeking a 1st TD Refinance loan on this non-owner occupied SFR rental property in Anaheim, Orange County, CA. Borrower is taking cash-out of a 22 Unit Apartment Building they own free and clear in Anaheim and is using those cash out proceeds to pay down and pay off the existing loan on this Anaheim SFR to this new 45.94% LTV.
The subject property is a single story SFR with 1,754 SF of rentable living space sitting on a 6,370 SF lot. The subject property has 3 Bedrooms / 2 Baths and an attached 2 car garage. The subject property is full occupied, the tenant pays $4,000 a month rent. The property is well located just south of the 91 FWY and is centrally located close to schools, shopping, and transportation. Exit strategy from our loan is a conventional refinance.
What we like about this Trust Deed opportunity:
- 45.94% LTV
- Previous Mortgage Vintage Borrowers
- 6 months guaranteed interest
- Current total monthly rental income: $4,000