Overview
Repeat, successful Mortgage Vintage borrower and real estate investor sought a $400,000 business purpose 1st Trust Deed cash out loan on this “free and clear” non-owner occupied mixed-use residential and commercial investment property in Los Angeles, Los Angeles County, CA. The borrowers will be using a small portion of the loan proceeds for cosmetic exterior improvements to the commercial part of the mixed use property and the balance to buy into a convenience store in the same neighborhood.
Property Description
The subject property sits on one parcel consisting of 4,886 SF. The subject’s single-family residence consists of 1,602 SF with 4 bedrooms, 1 bathroom. The subject’s commercial building consists of 2,550 SF of retail space with 1 bathroom. The single-family residence earns $1,620 per month and the commercial building has a new tenant moving in October 1, 2025, earning $2,550 per month. The new tenant owns a hospitality furniture business and new tenant occupied this subject’s retail space for 6 years. Tenant is moving back in as their current commercial space that they had moved into just had a dramatic increase in rent for retail space. The subject property is well located just off the 110 FWY, near University of California and similar SFRs and commercial spaces.
What we like about this Trust Deed opportunity:
- Repeat, successful Mortgage Vintage Borrower
- Low LTV on a 1st Trust Deed Investment Property in Los Angeles
- $500,000 in Investor Equity Protection
- SFR and Commercial earning $4,170 per month
- 10.50% Lender Rate
- 6 months Prepaid Interest
- 6 months Guaranteed Interest
