Successful, current MVI borrower and real estate investor sought a 1st TD loan to purchase this non-owner occupied, Condo investment property in Santa Ana, Orange County, CA. Borrower is putting down approx. $128k of their own money to the closing of this Purchase. Exit strategy is a conventional refinance.
The subject property is a traditional styled, single level Condo in a privately gated “Orange Gardens” community in well established neighborhood in Santa Ana. The subject property consists of 756 SF of total rentable living space with 3 total rooms, 1 Bed / 1 Bath. The subject property is well located west of the 5 FWY & 55 FWY intersect, near many schools, shopping centers, parks, restaurants, banks, and medical offices.
What we like about this Trust Deed opportunity:
- Existing MVI borrower and experienced Real Estate Investor
- Private, gated community in Santa Ana
- Borrower has approx. $90k “skin in the game”
- SFR Investment Property
- 65.00% LTV on Purchase