Real estate investor and Company Owner sought a refi cash-out 1st TD on this non-owner-occupied SFR in Fullerton, CA in Orange County. Funds from our loan will be used to payoff an existing mortgage and to finish the renovation of the property. The borrower is CEO of the 120 person Cut and Sew Company in Santa Ana. The Cut and Sew Co. manufactures clothes for Walmart and Sam’s Club. See Ribbon Cutting for the Cut and Sew Santa Ana Facility here: Classic Fashion Ribbon Cutting – YouTube
The subject property is a traditional style SFR sitting on a 5,850 SF lot. The home has 5 total rooms with 3 BR/2 BA and a 1-car detached garage. The property is in a great location just 1 block from a large shopping center and one block from the downtown Fullerton, which has popular shopping and dining as well. The property is just north of the 91 fwy and just west of the 57 fwy and is centrally located to schools, entertainment, restaurants, shopping, parks and medical facilities. Potential rental income upon completion is $3,500/ month. Exit strategy from our loan is a conventional refinance or the sale of the property. The borrower’s Mother lived in the property and she passed away in 2022. The son, our borrower, is now fixing up the house and plans to add an ADU and will rent out the SFR and ADU.
What we like about this Trust Deed opportunity:
- Fullerton, Orange County location
- Non-Owner Occupied SFR Investment Property
- 12.00% annualized return
- 6 months Guaranteed Interest
- $3,500 potential rental income
$434,000 1st TD @ 12.00%, 62.00% LTV, SFR, NOO, CO, 24 mo. term, $43,400 Min Inv., Fullerton, CA
