Successful business owners sought a business purpose cash-out 1st TD on this “free & clear”, owner-occupied, SFR in Malibu, CA. The funds from our loan are being used to expand borrowers current business Greenrock Life Group, LLC. This company provides a life settlement marketplace to individual investors.
The subject property has been in the family for over 30 years and is an oceanfront, one story, ranch style, SFR on the highly desirable cliffs and beach of Point Dume, Malibu, CA. The subject property sits on 1.10 of oceanfront, cliffside acres with 3,260 s.f. of living space, a full tennis court and an attached guesthouse. The subject property features 4 bedrooms, 3.5 baths and an attached 2 car garage. The subject property is well located in the Point Dume Natural area that offers many scenic hiking trails and a vista of the Palos Verdes Peninsula and Santa Catalina Island. Zuma Beach lies to its immediate north. The property has easy access to Pacific Coast Highway, local restaurants, retail, and private & public Malibu schools.
What we like about this Trust Deed opportunity:
- Point Dume, Malibu Location at 8.00% Yield
- Subject Property Free & Clear
- 20.00% LTV, 19.05% Net LTV
- In Demand Purchase & Rental Location
- 6 months Guaranteed Interest
- 6 months Prepaid Interest