Experienced realtor sought a business purpose cash-out 2nd TD on this owner-occupied, newly built SFR in Santa Clarita, Los Angeles County, CA. Funds from our loan will be used towards a business investment opportunity. The $912k 1st TD is current and in good standing at a 5.75% rate.
The subject property is a beautiful, two-story, contemporary SFR located in a new, privately gated suburban community with beautiful, panoramic hillside views in Santa Clarita, CA. The subject property features a total of 11 rooms, 5 Bed / 5 BA with 4,190 SF of living space, situated on a 7,860 SF lot. Hillside views can be seen from most areas of the SFR, including the master bedroom balcony and the large, open backyard. The SFR is very well situated in Santa Clarita; secluded in a beautiful valley but also a close drive to shopping, restaurants, bars, entertainment, and medical facilities. The exit strategy from our loan is a conventional refinance.
What we like about this Trust Deed opportunity:
- New suburban development in Santa Clarita, LA County
- Single Family Residence in gated community with panoramic hillside views
- 12.00% annualized return
- 6 months Guaranteed Interest
- $451K Gross Protective Equity