12/04/23: Investor Minimum Reduced to $23,750 

Loan Amount Reduced and CLTV lowered to 44.60% and Net CLTV 43.27% @ a 12.50% Investor Rate 

Borrower sought a $475K 2nd Trust Deed business purpose cash out loan on this owner occupied SFR property in desirable panoramic ocean view “Arch Beach Heights” neighborhood of Laguna Beach, Orange County, CA.  The funds from this loan will be invested into borrower’s artificial intelligence motor vehicle manufacturing consulting firm. Borrower is a Managing Partner who has over two decades of business experience working with start-ups as well as a 16-year career with several Cox Enterprise companies.

The borrower’s 1st mortgage is current and good standing with a principal balance of $640,000 with a fixed interest rate of 4.125%, maturing October 1, 2043, and a P&I payment of $4,611/mo. The first lender impounds for taxes and insurance.

The subject property is an ocean view, contemporary style, 3 story, SFR featuring 1,808 SF total living space with a total of 6 rooms, 3 Bedroom / 3 Bathrooms and an attached 2-car garage sitting on a .06 acres lot. The subject property is very well located one block from “Moulton Meadows Park”, just below “Top of the World” and near the “Aliso and Woods Canyons Wilderness Park”, near local Laguna Beach beaches, hiking, schools, many restaurants and shopping centers. The subject property is off 1 Pacific Coast Highway.

What we like about this Trust Deed opportunity:

  • Laguna Beach SFR with Ocean and Mountain Views
  • 44.60% CLTV
  • 43.27% Net CLTV
  • 12.50% Investor Yield
  • Gross Investor Equity: $1,360,000
  • Net Investor Equity: $1,394,975
  • 6 months Prepaid Interest
  • 6 months Guaranteed Interest

$475,000 2nd TD @ 12.50%, 44.60% CLTV, SFR, OO, CO, 24 mo. term, $23,750 Min Inv., Laguna Beach, CA