Real estate investor and experienced Fix & Flip designer sought a business purpose loan to purchase this prime fix & flip opportunity in Redondo Beach, Los Angeles, CA.

The subject property is a 3-bedroom/2-bathroom SFR located in Redondo Beach’s highly desirable beach city neighborhood. The 1,615 SF home sits on a 2,501 SF lot with a 2 car attached garage. The subject property features a front porch and well groomed backyard. The subject property is close to many popular beaches, restaurants, bars, parks, and schools. The subject property is well located within a few minutes to Pacific Coast Highway 1.

What we like about this Trust Deed opportunity:

  • 23.26% LTV on BPO value
  • 3 months Guaranteed Interest
  • Desirable Redondo Beach location

$250,000 1st TD @ 6.25%, 23.26% LTV, SFR, Purchase, NOO, 12 Mo. Term, 3 mo. Guar., $50,000 Min., Redondo Beach, CA

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