Loan Purpose
Business owner sought a $250,000 business purpose 1st Trust Deed cash out loan on this “free and clear” – no debt – non owner occupied rental SFR property in Brea, Orange County. The borrower will be using the loan proceeds to reinvest into their food truck business.
Property Description
The subject property is a two-story traditional styled investment rental SFR in Brea, Orange County, CA. The SFR offers 2,174 SF living area, on a .73 acres lot. The property consists of 10 total rooms, 4 bedrooms and 2.50 bathrooms. The property features a front and backyard, fireplace, covered patio, 3 car attached garage and 3 car driveway. The subject is located in desirable North Orange County with close proximity to retail, restaurants, schools, employment centers and near the 57 Freeway and the 91 Freeway. Property is fully occupied earning $5,200 monthly rental income.
What we like about this Trust Deed opportunity:
- Fully occupied rental SFR in Brea, Orange County
- 1ST TD paying 9.50% Interest Rate
- Low 21.21% LTV and 20.85% Net LTV
- 6 months Prepaid Interest
- 6 months Guaranteed Interest
$250,000 1st TD @ 9.50%, SFR, CO, 22.12% LTV, 24 mo., $50,000 Min., 6 mo. guar. int., Brea, CA
