Brief Overview
Loan Description:
Co-Borrowers, Real Estate Investors and and previous successful MVI Borrowers sought a $1,300,000 Purchase loan to buy a new investment property in Seal Beach, CA. The purchase price is $3.25 Mil. and the borrower is bringing in $1.95 Mil. as a down payment. Subject BPO value came in at $3.42 Mil. and is the basis for the 38.01 LTV. The professional real estate investor Borrowers plans to renovate and enhance the property and then sell after the renovations.
Investment Summary:
This offering is a $1,300,000 1st Trust Deed secured by a newly built, non-owner-occupied single-family residence located at 1315 Ocean Way in Seal Beach, CA. The borrower is purchasing the property for $3,250,000, resulting in a low 40.63% Loan-to-Value (LTV), providing investors with a strong equity cushion. The $1.3 Mil. 1st position loan is structured as a 36-month, interest-only note at 8.00%, generating monthly payments of $8,666.67, with six months guaranteed interest. The property is located in a desirable coastal neighborhood and will serve as a business-purpose investment. This low-LTV senior lien position, combined with a high-quality coastal asset and excellent borrowers, offers investors an attractive 8.00% yield with strong collateral protection.
What we like about this Trust Deed opportunity:
- 8% yield at a low 40% LTV
- 1st TD
- Well-located corner location in Signal Hill
- Established Real Estate Investor
- 6 months Guaranteed Interest
- $1.95 Mil. Down Payment
$1,300,000 1st TD @ 8.00% 38.01 LTV, Purchase, $52,000 Min., Seal Beach CA
