Borrowers sought a 1st TD loan to purchase this non-owner occupied, SFR rental investment property in Paradise, Solano County, CA. Borrowers are putting down $148k personal funds “skin in the game” towards the purchase of this investment property. Exit strategy is a conventional refinance.
The subject property is a contemporary styled, one story SFR with 1,900 SF living space on a large 2 acre lot. The subject property consists of 5 total rooms, 3 Bed / 2 Bath and a 2 car attached garage. The subject property features a nice outdoor deck and gated entry. The subject property is centrally located near shopping plazas, schools, parks, restaurants, banks, and medical offices. Market rental for subject property: $2,900. Plus, borrowers plan to build an ADU on lot in future for additional rental income.
What we like about this Trust Deed opportunity:
- Good condition SFR Rental Investment Property
- Borrower has approx. $148k “skin in the game”
- 70.00% LTV on Purchase & BPO
