Successful Mortgage Vintage borrowers and experienced real estate investors sought a rate and term refinance 1st TD on this investment property to pay off their existing maturing 1st Trust Deed
The subject property is a ranch style home in a nice suburban area in La Habra, Orange County. The home is 1,242 SF with 8 total rooms including 3 spacious bedrooms and 2 full bathrooms. It also features an attached 2-car garage and a nice covered patio in the back, the entire property sits on a 0.14 acer lot. The subject is in close proximity from Fullerton Golf Course and Laguna Lake Park. Also close to shopping, restaurants, schools, medical facilities and the 90 and 57 freeways. Rental income is $3,500 a month The exit strategy of this loan is to pay off our loan from rental income of investment properties and other income or to do a conventional refinance.
What we like about this Trust Deed opportunity:
- Non-Owner Occupied SFR
- 51.09% LTV
- Orange County Location
- 6 months Guaranteed Interest
- Previous Successful Mortgage Vintage Borrower