Borrower sought a small $100K 2nd Trust Deed business purpose cash out loan on this owner occupied SFR investment property in Woodland Hills, Los Angeles County, CA. The funds from this loan will be invested into expanding the borrower’s chiropractic business.
The borrower’s 1st mortgage has a principal balance of $598,000 with a fixed interest rate of 2.00%, maturing September 1, 2037, and a P&I payment of $5,025.54/mo. The first lender impounds for taxes and insurance.
The subject property is a contemporary style, one story, SFR featuring 1,947 SF total living space with a total of 6 rooms, 3 Bedroom / 2 Bathrooms and an attached 2-car garage sitting on a .26 acres lot. The subject property is very well located near many parks such as Calabasas Park and “Top of Topanga Overlook”, local schools, shopping centers. The subject property is near the 101 FWY.
What we like about this Trust Deed opportunity:
- Chiropractic Business Owner
- 13.50% Investor Yield
- SFR in suburban Woodland Hills neighborhood
- 51.90% CLTV
- 45.57% Net CLTV
- 9 months Prepaid Interest
- 6 months Guaranteed Interest
