Real estate investor borrower sought a 1st TD loan for this non-owner occupied SFR investment property in Valley Center, San Diego County, CA. Funds from our loan will be used to pay-off an existing 1st TD and the remaining funds will be used to make minor upgrades to subject property.
Subject property is a Spanish style, two story, SFR, in a rural, gated community on a hill overlooking Valley Center in San Diego county. The subject property is in good condition, on a large 2.13 acre lot with 3,000 SF of rentable living space. The subject property is fully occupied with tenant paying $4,200 monthly/rent. The subject property features a total of 8 rooms, 5 Bed / 3.5 Bath and a 3 car attached garage. The subject property also features several, well-maintained putting greens, an outdoor deck, bar, BBQ, patio and pool all with views of the valley. The subject property is well located east of the 15 FWY, north of the San Diego Zoo, in a developing neighborhood and nearby shops / restaurants.
What we like about this Trust Deed opportunity:
- SFR Conforming property in San Diego County gated community
- 44.00% LTV on BPO and 38.23% on Net LTV
- 6 months guaranteed interest
- 18 months prepaid interest
- Existing tenant, paying $4,200 monthly rent