Successful Mortgage Vintage borrower and Business owner with a 763 credit score is seeking a new business purpose cash-out 1st TD on this non-owner occupied investment property in Stockton, CA in San Joaquin County. Funds from our loan will be used to make improvements to the existing property and to invest in borrower’s business.
The subject property is 2,533 SF ranch style SFR sitting on a 6,784 SF lot. The home has 9 total rooms with 4 BR/2.5 BA and a 2-car attached garage. The property is located in a suburban location with close proximity to parks, shops and major highways. Rental income is $2,700/ month. Exit strategy from our loan is to payoff loan from business revenues.
What we like about this Trust Deed opportunity:
- Prior, good paying borrower
- Non-owner Occupied Investment Property
- 8.50% Annualized Return
- 9 months Guaranteed Interest
- $2,700/month rental income