Borrower sought a cash-out 1st TD on this free and clear non-owner occupied SFR in San Jacinto, CA in Riverside County. Funds from our loan will be used to make repairs to the rental property.
The subject property is traditional style SFR sitting on a 9,147 SF lot. The home consists of 1,390 sf and offers 5 total rooms with 3 BR/2 BA and a 2-car detached garage. The property is East of the 215 fwy just North of Hemet. The property is centrally located to schools, entertainment, restaurants, shopping, parks and medical facilities. Rental income is $1,400/ month. Exit strategy from our loan is a conventional refinance.
What we like about this Trust Deed opportunity:
- Strong Credit Score
- Non-Owner Occupied SFR Investment Property
- 11.50% annualized return
- 6 months Guaranteed Interest
- $1,400 rental income
- Borrower is W2 fully employed worker at a Logistics Co.