Successful business owner sought a $123,750 2nd Trust Deed cash-out on this beautiful owner-occupied SFR in Winchester, Riverside County, CA. The loan proceeds will be put towards the borrower’s business, Kim’s Cleaning Services, LLC., which has seen much expansion over the past year. She plans to purchase more equipment and do more marketing to maximize revenue. The borrower’s $394,000 1st TD is a conventional loan, 30-year term @ 4.625% fixed rate which is current and in good standing. Exit strategy is a conventional refinance.
The subject property is a two-story, Contemporary styled SFR in a very desirable neighborhood of Winchester, CA. It is in immaculate condition and features a total of 13 rooms including 5 bedrooms and 6 bathrooms as well as a casita, “man-cave,” and parking for an RV. The home features a large open floor plan and high-end amenities. The home is 3,748 SF and sits on a large 7,840 SF lot. The subject property is very well located, near many family friendly parks, churches, popular golf courses and public/private schools. The subject property is just north of Murrieta and Temecula and just South of Diamond Valley Lake.
What we like about this Trust Deed opportunity:
- Successful business owner whose business is expanding
- Popular & Quiet Family friendly Suburban SFR in Winchester, CA
- 11.00% Investor Yield
- CLTV: 65.00% / Net CLTV 64.54%
- $285,250 Gross Investor Protective Equity
- 6 Months Guaranteed
- 3 Months Prepaid
$123,750 2nd TD @ 10.00% 65.00% CLTV Cash-Out $41,250 Min Inv, Winchester