Brief Overview
Loan Summary:
Borrower and business owner sought a $350,000 business purpose 2nd Trust Deed loan on this owner-occupied single-family residence in Corona Del Mar, Orange County, CA. The loan proceeds will be used for working capital in borrower’s financial services company.
Property Description:
The subject property is a well-maintained single-family residence located in Corona del Mar, California, west of Pacific Coast Highway in a highly desirable coastal neighborhood. The home is a single-story, mid-century style residence comprising approximately 2,036 square feet of living area with 3 bedrooms and 3 bathrooms, situated on an approximately 8,750 square foot lot, including an additional rear parcel. The property features a partial harbor, ocean, and Catalina Island view, a two-car attached garage, interior courtyard, covered patio, and landscaped outdoor areas. Originally built circa 1962, the home is in C3 condition and has benefited from extensive recent improvements, including updated electrical and plumbing systems, HVAC, interior and exterior paint, refreshed hardwood flooring, modernized fixtures, and upgraded appliances. The property is zoned R-1 (Single-Unit Residential), is fully utilized as its highest and best use, and was appraised at $4,350,000 as of December 20, 2025, reflecting strong market support for well-located, updated homes in Corona del Mar.
What we like about this Trust Deed opportunity:
- SFR in desirable Orange County location
- 64.60% CLTV, 64.32 Net CLTV
- 12.25% Lender Rate
- 3 months Prepaid Interest
- 6 months Guaranteed Interest
