Previous successful Mortgage Vintage borrower and experienced real estate investor sought a business purpose 1st Trust Deed on this investment property in Santa Ana. Borrower owns multiple multi-family investment properties in and around Santa Ana in Orange County.
Subject Property is a single-story, 4 BR / 2 BA bungalow style SFR in Santa Ana, CA. The home has 1,400 sf of living space and is situated on 5,280 sf lot. Property features bonus room, eat-in kitchen, back yard and fruit trees. This home is in a well established neighborhood and is conveniently located to all public services including: schools, shopping centers, banks, restaurants, places of worship, parks and medical offices. Current rental income is $4,500
What we like about this Trust Deed opportunity:
- Previous successful MVI borrower
- Borrower is an experienced real estate investor, rehabber and flipper
- Recent BPO valuation of $880k
- Rental Income of $4,500
- 40.34% LTV
$355,000 1st TD @ 10.00%, 40.34% LTV, SFR, NOO, CO, 24 mo. term, $35,500 Min Inv., Santa Ana, CA
