Business owner and borrower sought a small $64,500 2nd Trust Deed business purpose loan on this fully remodeled, owner-occupied SFR in Mount Shasta, CA. 100% loan proceeds will be used for online marketing for borrower’s life coach consulting business.
The borrower’s 1st mortgage has a principal balance of $348,000 with a fixed interest rate of 4.137%, maturing June 2051 and a payment of $2,302/mo. The first lender impounds for taxes and insurance.
The subject property is a fully remodeled, contemporary style, two story, SFR in good condition featuring 2,916 total living space with 4 Bedroom / 4 BA and a attached 2-car garage. The subject property sits on a 2.07 acres lot, featuring a built in deck/patio and above ground spa. The subject property is just west of the 5 FWY, near Mount Shasta Resort
What we like about this Trust Deed opportunity:
- Fully Remodeled SFR
- 13.25% Lender Rate
- 62.50% CLTV and 61.77% Net CLTV
$64,500 2nd TD @ 13.25%, 62.50%% CLTV, SFR, OO, $32,250, Min Inv., Mt. Shasta, CA
