Successful Mortgage Vintage borrowers and experienced real estate investors sought a 2nd TD on this investment property to pay their property taxes.
The subject property is a ranch style home in a nice suburban area in La Habra, Orange County. The home is 1,242 SF with 8 total rooms including 3 spacious bedrooms and 2 full bathrooms. It also features an attached 2-car garage and a nice covered patio in the back and the entire property sits on a 0.14 acer lot. The subject is a quick drive away from Fullerton Golf Course and Laguna Lake Park. It is also in very close proximity to shopping, restaurants, schools, medical facilities and the 90 and 57 freeways. The exit strategy of this loan is to pay off our loan from rental income of investment properties and other income or to do a conventional refinance.
What we like about this Trust Deed opportunity:
- Non-Owner Occupied SFR
- 63.38% CLTV
- Great La Habra area
- 6 months Guaranteed Interest
- Previous Successful Mortgage Vintage Borrower