Successful Real Estate Investor sought a 1st TD purchase loan for this SFR Non-Owner-Occupied investment property in Palos Verdes Estates, CA. The borrower is recently Divorced which impacted his Credit.
The subject property is a classic Mediterranean style SFR, sitting in one of the most sought-after neighborhoods in all of Palos Verdes Estates, Los Angeles County. The property, built-in 2001, features 4,526 SF of rentable living space and rests on a large 10,540 s.f. lot that has panoramic views of the Pacific Ocean. Entry to the property begins with the circular formal driveway, beautifully kept landscape, and water fountain. Once you open the front door, you are greeted by a grand foyer and a curved handcrafted ornate staircase. The first level of the home has two master suites, a gym, a steam room and a sauna. The second level has a large kitchen that opens up to the living room and large balconies with amazing views of the sea. The living room is house-wide, has handcrafted wood ceilings and a large bar & grill for entertainment. The formal dining room opens to a private built-in spa deck and a kitchenette perfect for entertaining. The expansive master suite has an open and easily accessible and spacious bathroom and walk in closets.
The subject property has 12 total rooms including 4 bedrooms and 5.5 bathrooms. It features a large kitchen and living room that opens up to several balconies. Other features include an outdoor patio with a built-in spa tub and two BBQ grills, 3 fireplaces, a gym, steam room and sauna, a grassy backyard with several fruit trees, a long driveway to a 2-car garage and a lovely front yard with grass and flowers.
Palos Verdes Estates has been rated one of the most luxurious neighborhoods in the country and boasts its own Fire and Police Departments, award-winning schools and the exclusive Palos Verdes Estates Country and Beach Clubs.
What we like about this Trust Deed opportunity:
- Beautiful and Exclusive Los Angeles Country Location
- Successful Real Estate Investor
- 64.14% LTV on BPO
- Non-Owner Occupied Purchase
- Income Producing & Well Marketed Property
- 6 months Guaranteed Interest
$2,437,500 1st TD @ 7.50%, 64.14% LTV, Purchase, 6 mo. Guar Int., 24 mos. term, Palos Verdes Estates, CA