Brief Overview
Experienced real estate owner and developer sought a $600,000 business purpose 1st Trust Deed cash out loan on this non-owner occupied approximately 3 acres of “free and clear’ entitled land located in the prestigious ‘Country Club Estates’, a gated golf course community in Westlake Village, Ventura County, CA. The borrower will be using the funds for grading improvements on this subject property and two other parcels of nearby land borrower owns. The borrower is the owner and President of Grenhill Investment Corporation, a CA based construction company and plans to sell the property to a builder after the grading is completed. Exit Strategy: sale of property to builder.
Property Description
The subject property located in Westlake Village, a entitled vacant residential parcel within the prestigious Country Club Estates, a gated golf course community known for its luxury custom homes and scenic hillside views. The 131,115-square-foot lot (approximately 3 acres) features hilly terrain —ideal for constructing a high-end single-family residence, which represents its highest and best use. The site is accessible via a shared paver bridge entry from Lakeview Canyon Road and is surrounded by upscale properties valued between $4.5 million and $9 million. Based on a comprehensive market analysis of comparable land sales in Westlake Village and surrounding areas, the appraised market value of the property, as of October 3, 2025, is $2,400,000. The subject is well located near Westlake Village, Westlake High School, many restaurants, shopping, golf courses and off the 101 Freeway.
What we like about this Trust Deed opportunity:
- Located in prestigious “Country Club Estates” in Westlake Village
- Protective Net Investor Equity $1,840,500
- 6 months Prepaid Interest
- 6 months Guaranteed Interest
$600,000 1st TD @ 12.00%, Land, CO, 25.00% LTV, 24 mo., NOO, $40,000 Min., Ventura County, CA
