Repeat successful MVI borrower, real estate investor and business owner sought a $445,000 2nd Trust Deed business purpose cash out loan on this owner occupied SFR investment property in panoramic ocean and mountain view neighborhood of “Niguel Summit” in Laguna Niguel, Orange County, CA. The funds from this loan will be used to for down payment on a new investment property.
The borrower’s 1st mortgage has a principal balance of $1,027,096 with a fixed interest rate of 4.00%, maturing October 1, 2050, and a P&I payment of $5,197.91/mo. The first lender impounds for taxes and insurance.
The subject property is a contemporary style, two story, SFR on a single loaded street with excellent ocean, mountain, city light views and pool/spa in backyard. The SFR is in “Niguel Summit”, within the “Belle Maison” subdivision. The SFR within the consists of 3,274 SF total living space, 4 Bedroom / 4 Bathroom, an attached 3-car garage sitting on a .132 acres lot. The subject property is very well located near many local beaches, parks, public and private schools, restaurants, shopping and medical centers. The subject property is near the PCH 1 HWY.
What we like about this Trust Deed opportunity:
- Repeat Successful MVI Borrower
- Good condition SFR in Niguel Summit with panoramic ocean/mountain/city views
- 12.50% Investor Yield
- 58.26% Net CLTV with 6 months Prepaid Interest
- 6 months Guaranteed Interest
- Gross Investor Protection: $877,904
- Net Investor Protection: $980,877
