Experienced real estate investor and attorney sought a business purpose cash-out 2nd TD on this non-owner occupied SFR rental property in Westwood, Los Angeles County, CA.  The funds from our loan will be used  towards the purchase of two 5 acre investment mining properties in CA and to bring current the existing 1st TD in Forbearance on the subject property.

 

The subject property is a contemporary, two story SFR in good condition and located in the desirable Westwood neighborhood of Los Angeles. The subject property is on a 2 year lease, with tenant paying $5,750 a month. The subject property has 2,025 SF of living space and sits on a .12 acre lot. The subject property features 7 total rooms with 2 BR/2.5 BA and 2 car built in garage.  The subject property is well located close to the 405 and 10 FWYs, near shopping, dining, top-rated schools and parks.

 

What we like about this Trust Deed opportunity:

  • Desirable Westwood location
  • Experienced real estate investor
  • Rental income $5,750 per month
  • 11.00% Annualized Return
  • 61.11% CLTV and 60.52% Net CLTV on conforming SFR
  • 6 Mos Guaranteed Interest / 3 Mos Prepaid Interest

$330,000 2nd TD @ 11.00%, 61.11% CLTV on BPO, SFR, Cash Out, NOO, 24 Mo. Term, 6 mo. Guar., $66,000 Min., Westwood, CA

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