A successful Mortgage Vintage Borrower and real estate investor sought a 2nd Trust Deed on this commercial mixed-use property located in Santa Ana, Orange County to invest into the purchase of another investment property.  Borrowers own several other properties on the same “Main Street” in Santa Ana, CA.

The subject property is a newly renovated two story, 4,209 SF,  class D multi-use commercial building situated on a 7,752 SF lot.  The property offers 3 retail suites and two residential units.  The structure of the building is wood frame and stucco and constitutes a good class “D” quality building.  The building features 2 stories, and 3 individual units. The subject is ideally located near downtown Santa Ana and highway 55, restaurants, schools and shopping.  Exit strategy from our loan is a commercial refinance loan. All five units are rented out providing a total rental income of $13,638 per month.  The property was purchased with a Mortgage Vintage loan in Sept. of 2021 and renovated.  The value subsequently increased as the rents increased and the borrower is pulling cash out to make another multi-family property acquisition in Santa Ana.

What we like about this Trust Deed opportunity:

  • Successful Mortgage Vintage borrower
  • 11.50% Annualized Return
  • 6 months Guaranteed Interest
  • 3 months Prepaid Interest
  • 65% CLTV on $1.7M Appraised Value
  • $13,638 monthly rental income
  • 100% occupancy

$183,000 2nd TD @11.50% 65% CLTV, Cash-Out, $61,000 Min Investment, Santa Ana