Very experienced Builder, business owner and real estate investor sought a business purpose cash-out 1st TD on this non-owner occupied SFR investment property in Malibu, Los Angeles County, CA. Borrower will use funds from this loan to invest in a new business opportunity. The remaining construction on this subject property will be completed in less than a year. One hundred percent of funds to complete the construction will come from the sale proceeds of borrower’s other Malibu SFR property that is currently on the market for sale.
The subject property will be a brand new, contemporary, 2 story SFR in the highly desirable “Malibu Hills” with vast ocean and mountain views. The subject property will have 1,956 SF of living space, sitting on a 13,570 SF lot. The subject property will have a total of 3 Bed / 2.5 Bath, attached 4 car garage and will also feature a detached ADU with its own garage. The subject property is very well located near popular Malibu beaches, PCH, Malibu Canyon Road and the 101 Ventura fwy. The subject property is within close proximity to many beaches, parks, shops, restaurants and schools.
What we like about this Trust Deed opportunity:
- Very desirable “Malibu Hills” ocean view neighborhood
- Borrower is an experienced Builder & Investor
- 7.50% Annualized Return
- 6 months Guaranteed Interest