Business owners sought a $365,000 business purpose 2nd Trust Deed loan on this owner-occupied single-family residence in Los Angeles, Los Angeles County, CA.  Loan proceeds will be used for Borrower’s business, Powerfade Marketing, LLC (  A Powerfade P&L for 2023 is in the CTD Due Diligence File and shows a company Net Income of $405k.

The borrower’s 1st mortgage is with Select Portfolio Servicing and has a principal balance of $2,125,000 with a fixed rate of 4.250%, and a monthly interest-only payment of $7,526.04.

The subject property is a 3,422 SF contemporary-styled single-family residence that sits on a 6,968 SF lot and abuts the Los Angeles Country Club. The home features 8 total rooms including 4 bedrooms and 3.5 bathrooms. The property is adjacent to the Wilshire Corridor and within a short distance to UCLA and Beverly Hills with their entertainment and shopping venues as well as accessible to beach communities.

What we like about this Trust Deed opportunity:

  • Business owners
  • 60.00% CLTV
  • 12.50% Lender Rate
  • 3 months Prepaid Interest
  • 6 months Guaranteed Interest
  • Prime West LA Location
  • Remodeled and Conforming Single Family Residence

$365,000 2nd TD @ 12.50%, 60.00% CLTV, SFR, OO, CO, 24 mo. term, $36,500 Min Inv., West Los Angeles, CA