Successful business owner sought a $352,000 business purpose 2nd Trust Deed loan on this non-owner-occupied investment SFR in the Hollywood Hills of Los Angeles, CA. The borrower lives in Miami, Florida and will use the funds to finish cosmetic upgrades on this home so that he can sell the property in 3-6 months for maximum profit. The borrower owns Anchor Consulting and will be using the proceeds from the sale of the home to expand his business and Florida real estate portfolio.
The subject property is a traditional, 3 story SFR investment property very well located in beautiful Hollywood Hills of Los Angeles, CA. The property has 2,352 SF of living area and sits on a 7,545 SF lot. It consists of 10 total rooms including 4 bedrooms and 3 bathrooms. Rumored to be owned by Lucille Ball and Desi Arnaz of “I Love Lucy,” the home has 3 wood burning fireplaces, several balconies and is almost completely updated. Subject property is very well located just off Hollywood Blvd, near the Hollywood Bowl, many schools, restaurants, shopping and entertainment.
What we like about this Trust Deed opportunity:
- SFR investment property in beautiful Hollywood Hills
- Successful business owner
- 10.50% Investor yield
- Gross Protective Investor Equity: $963,000
- 3 Months Prepaid Interest
- 6 months Guaranteed Interest