Successful real estate investor and full time wage earner is seeking a cash-out 1st TD on this non-owner occupied property in Long Beach, CA. Loan proceeds will be used to improve the property and pay off a HERO loan.
The subject property is a 1,014 SF row-house styled condo in Long Beach, Los Angeles County. The home consists of 6 total rooms including 2 bedrooms and 2 bathrooms. The property is in a wonderful part of Long Beach, conveniently located near shopping, schools, restaurants, medical facilities and even just minutes from the beach. Subject property currently rents for $1,900 monthly.
What we like about this Trust Deed opportunity:
- Non-Owner Occupied Investment Property
- Very low 22.06% LTV
- $1,900 monthly rental income
- Great Long Beach, Los Angeles County location
- 6 months Guaranteed Interest
$107,000 1st TD @ 6.50%, 22.06% LTV, Cash Out, Condo, 60 mos., 6 Mo. Guar. Long Beach, CA