Successful, repeat Mortgage Vintage borrower and business owner sought a business purpose cash out loan on this owner occupied, lakefront SFR in Lake Forest, Orange County, CA. Borrower’s current and in good standing 1st TD is $665K at an 8.99% interest only rate. Exit strategy: conventional refinance.
The subject property is a contemporary style, two story, SFR in good condition, right on the lake with a deck and dock in Lake Forest, Orange County, CA. The home has 6 total rooms with 3 BR and 3 BA and is 2,022 SF and sits on .07 lakefront lot. The property is well located near many shopping plazas, schools and has easy 5, 405 and 241 freeway access.
What we like about this Trust Deed opportunity:
- Lakefront SFR in Orange County
- Repeat MVI with positive payment history
- 6 months Guaranteed Interest
- 6 months Prepaid Interest
- $504,600 Investor Equity Protection