Business owner and real estate investor sought a new business purpose cash-out 1st TD on this non-owner occupied investment property in Antioch, CA in Contra Costa County. Funds from our loan will be used to payoff an existing matured 1st Trust Deed.
The subject property is 1,406 SF ranch style SFR sitting on a 6,930 SF lot. The home has 7 total rooms with 3 BR/2 BA and a 2-car attached garage. The property is close to Sherman Lake, HWY 4 and centrally located to schools, entertainment, restaurants, shopping, parks and medical facilities. Rental income is $3,000/ month. Exit strategy from our loan is a conventional refinance.
What we like about this Trust Deed opportunity:
- Non-owner Occupied Investment Property
- 9 months Guaranteed Interest
- 3 months Prepaid Interest
- $3,000/month rental income
$369,850 1st TD @ 10.50% 65.00% LTV, 63.05 Net LTV, Refi, $36,985 Min Inv. Antioch Ca
