Successful Mortgage Vintage Borrowers and real estate investor sought a new business purpose purchase 1st TD on this non-owner occupied investment property in Placentia, CA in Orange County. Funds from our loan will be used to purchase the subject property
The subject property is 1,440 SF ranch style SFR sitting on a 7,500 SF lot. The home has 6 total rooms with 2 BR/2 BA and a 2-car attached garage. The property is close to HWY 99 and centrally located to schools, entertainment, restaurants, shopping, parks and medical facilities. Median rental income in the area is $3,315/ month. Exit strategy from our loan is a conventional refinance.
What we like about this Trust Deed opportunity:
- Non-owner Occupied Investment Property
- 7% Annualized Return
- 59.67% LTV on BPO Value of $975,000
- 6 months Guaranteed Interest
- Over $330k down payment