Real estate investors are sought a 1st TD loan to purchase this non-owner occupied, SFR investment property in Indio, Riverside County, CA. Borrower is putting down approx. $358,000 of their own money towards this Purchase. Exit strategy is a conventional refinance.
The subject property is a Spanish styled, SFR with mountain views, located in the private, gated community of Montage at Santa Rosa in Indio. The subject property consists of 3,308 SF of total rentable living space on a .30 acre lot with 4 Bed / 2.5 Bath and a rotunda entry with a private gated courtyard. The subject property features well manicured desert-scape grounds, walled backyard, pool/spa. The subject property is well located west of the 10 FWY, near many country clubs, golf courses, schools, shopping centers, parks, restaurants, banks, and medical offices.
What we like about this Trust Deed opportunity:
- Experienced Real Estate Investor
- Private, gated community
- Borrower has approx. $358k “skin in the game”
- SFR Investment Property
- 65.00% LTV on Purchase
$666,250 1st TD @ 7.50%, 65.00% LTV, Multi-Family, Cash Out, 9 mos. Guar. Int., $66,265 Min, Indio
