Business owner is seeking a cash-out 2nd TD of this owner occupied SFR in San Bernardino County. Proceeds from this loan will be invested into borrower’s new business.
The subject property is a beautiful two-story SFR located in Rialto and sits on a 4,000 sqft lot. The subject property was built in 2008 and has 2,672 sqft of living space with 7 total rooms – 4 bedrooms, 3 baths and 2-car attached garage. The home is located in a gated community close to schools, shopping, and the freeway.
This is a 65.00% CLTV based on the Broker Price Opinion (BPO) value of $615K. Loan structure features 6 months Guaranteed Interest and 3 months Prepaid Interest. Minimum investment for this Trust Deed is $52,000 or 50.00%, yielding a 11.00% annualized return. The First TD has a principal balance of $296k and is at 4.50% with Pennymac
What we like about this Trust Deed opportunity:
- San Bernardino County location
- 6 months Guaranteed Interest
- CLTV: 65.00%
- Net CLTV: 64.47%
$104,000 2nd TD @ 11.00% 65.00% CLTV Cash-Out $52,000 Min Investment, SFR, Rialto, CA
