Borrower and business owner sought a business purpose cash-out 1st TD on this free and clear owner-occupied condo in Dana Point, CA in Orange County. Funds from our loan will be used to payoff a business judgment.
The subject property is 1,858 condo. The home has 6 total rooms with 3 BR/2.5 BA and a 1-car attached garage. The subject is located in a small gated community of Monarch Bay Villas. The subject property is an end unit which affords stunning unobstructed views of the ocean, Waldorf Astoria Hotel and golf course, city lights, coastline, and waves breaking at Salt Creek beach. The spacious upgraded kitchen features high-end stainless-steel appliances, with quartz countertops ad newer white shaker cabinets. The private community has many amenities, including pool, spa, gym, sauna, Clubhouse, Billiard room, and bar-b-ques areas. This perfect location is close to Dana Point Harbor, Mission San Juan Capistrano, Laguna Beach, Fine dining and so much more.
What we like about this Trust Deed opportunity:
- Dana Point, Orange County Location
- 18.87% LTV
- 9.00% Annualized Return
- 6 months Guaranteed Interest
- 3 months Prepaid Interest
$500,000 1st TD @ 9.00%, 18.87% LTV, Cash Out, Condo, $50,000 Min Inv., Dana Point, CA
