Successful Mortgage Vintage Inc. borrower and real estate investor is seeking a 2nd TD business purpose cash out loan on this non-owner occupied Duplex investment rental property in Santa Ana, Orange County, CA. Borrower is pulling cash out of this investment property to purchase another investment rental property in Santa Ana. Borrower owns multiple rental properties in Santa Ana.

The subject property is a Duplex with 1,765 SF of total rentable living space on a .06 acre lot. The subject property has a total of 17 rooms, 10 Bedrooms / 5 Bathrooms. The subject property features a large driveway and large backyard for tenant use. Both units of the subject property are fully occupied, collectively earning $5,250 in rent/monthly. The property is very well located west of the 5 FWY and N. Bristol Street, near Downtown Santa Ana, and nearby Santa Ana college, schools, shopping centers, parks, restaurants, banks, and medical offices.

What we like about this Trust Deed opportunity:

  • Successful Mortgage Vintage Borrower
  • Experienced Real Estate Investor
  • Santa Ana location
  • SFR Investment Property

$160,000 2nd TD @ 10.00%, 60.78% CLTV on Cash-Out, Duplex, 24 Mo. Term, 6 mo. Guar., $40,000 Min., Santa Ana, CA

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