Real estate investors are seeking a 1st TD Cash Out refinance loan on this non-owner occupied, SFR investment property in Los Angeles, Los Angeles County, CA. The use of funds will be to pay off an existing 1st TD and a balance of $60K will be used for minor upgrades to subject property.
Subject property is a bungalow, 1 story SFR with 1,745 SF living space, 7 total rooms, 5 Bedroom, 2 Bath, living room featuring a nice porch on a large 9,110 SF lot in Los Angeles, CA. The subject property is surrounded by similar SFRs, many local parks, restaurants, schools, medical centers and shopping plazas and just off the 110 freeway. The investment property is fully occupied with a tenant paying $4,000 a month.
What we like about this Trust Deed opportunity:
- Los Angeles, suburban SFR
- 53.03% LTV / 51.51% Net LTV
- Fully Occupied with tenant, earning $4K month
- 10.00% Investor Rate
- 6 months Guaranteed Interest
- 3 months Prepaid Interest
$350,000 1st TD @ 9.50% Cash-Out 53.00% LTV 24 Mos Term $35,000 Min Inv, Los Angeles
