Business owner sought a new business purpose cash-out 1st TD on this owner occupied property in Newport Beach, CA in Orange County. Funds from our loan will be used for business expansion and investment purposes.
The subject property is a custom built 3,400 SF contemporary SFR sitting on a 4,014 SF lot. The home has 9 total rooms with 4 BR/4.2 BA and a 2-car attached garage. The property located in the gated community of Balboa Coves, right on the water in Newport Beach with its own dock. The property has a beautiful roof top deck, amazing views from the living room and master bedroom, and has an elevator! The subject property has easy fwy access and is close to entertainment, restaurants, shopping, parks and medical facilities. Exit strategy from our loan is to pay the loan off through investment proceeds.
What we like about this Trust Deed opportunity:
- High Credit Score
- Strong Income
- Newport Beach Waterfront Location
$1,000,000 1st TD @ 6.50% 22.22 LTV Cash-Out $50,000 Newport Beach