Experienced real estate investor sought a 1st TD loan to purchase this non-owner occupied SFR investment property in Cathedral City, Riverside County, CA. Borrower is putting down $340k of their own money towards this Purchase. Borrower owns four other investment properties in the area.
Subject property is in a gated community, great condition and ready to rent “as is”. Subject property is a two story SFR with 1,775 SF of rentable living space on a .18 acre lot. The subject property has a total of 5 rooms, 2 Bed / 1 Bonus Room / 2.5 Bath and a 2 car attached garage. The subject property is very well located on a corner lot, next to the front gate of new “District” community and catty-corner from the community pool. The subject property is in back of Target shopping center, close to other shops, restaurants and near HWY 111, which takes you to downtown Cathedral City or Palm Springs.
What we like about this Trust Deed opportunity:
- 50.37% LTV on BPO and 50.00% on Purchase
- Experienced Real Estate Investor
- SFR Investment Property