Successful repeat MVI borrower and real estate investor seeking a business purpose 1st TD on this non-owner occupied, 3-unit in Los Angeles, CA. The funds from our loan will be used to refinance the subject property. The exit strategy is to do a conventional refinance within the next 24 months.

The subject is a well maintained 2-story, multi-unit property located in a predominantly tenant occupied, evenly mixed SFR and multi-unit neighborhood. Sitting on a 6,694 SqFt lot, the home itself is 3,537 SqFt and consists of 3-units. There are 18 total rooms including 9 bedrooms, 5 bathrooms, 2 kitchens and 2 living rooms. The contemporary styled home also has a large driveway and a detached 2-car garage. The largest unit rents for $2,700/month, the middle unit rents for $2,400/month and the smallest unit rents for $1,800/month bringing in a total of $6,900/month.  Net Operating Income is estimated to be $53,820/yr. which provides a Debt Yield Rate of 9.8% on the $550k loan amount.  The property is conveniently located next to shopping, schools, medical facilities, transportation, parks, entertainment and the LAX airport.


What we like about this Trust Deed opportunity:


    • 10% Yield on a 1st TD
    • Non-owner occupied Triplex
    • 55.00% LTV and 53.49% Net LTV
    • 9 months’ Guaranteed Interest
    • 3 months’ Prepaid Interest
    • Previous successful MVI borrower

$550,000 1st TD @ 10.00%, 55.00% LTV, Purchase, Tri-Plex, 24 Mos Term, $55,000 Min Inv., Los Angeles, CA