Successful business consultant sought a small $80,000 2nd Trust Deed cash-out on this beautiful owner occupied SFR in Sacramento, CA. The loan proceeds will be put towards the borrower’s consulting business, which has an increase in customer base. She plans to hire help as well as purchase more marketing materials to maximize revenue. The borrower’s $242,000 1st TD is a conventional loan, 30-year term @ 3.99% fixed rate which is current and in good standing. Exit strategy is a conventional refinance.
The subject property is a two story, Contemporary styled SFR in a well-established suburban neighborhood of Sacramento, CA. It is in great condition and features a total of 11 rooms including 4 bedrooms and 3.5 bathrooms as well as a deck and two patio areas. The home, which was built just 3 years ago, features an open floor plan and brand-new amenities. The home is 2,486 SF and sits on a 4,356 SF corner lot. The subject property is very well located, near many family friendly parks, churches, popular golf courses and public/private schools.
What we like about this Trust Deed opportunity:
- Successful business consultant who is growing her business
- Popular & Quiet Family friendly Suburban SFR in Sacramento, CA
- 11.75% Investor Yield
- Low CLTV: 52.20% / Net CLTV 51.22%
- $294,000 Gross Investor Protective Equity
- 6 Months Guaranteed
- 6 Months Prepaid
$80,000 2nd TD @ 11.50% 52.20% CLTV, SFR,, Cash-Out $40,000 Min Inv, Sacramento
