Borrowers sought a 1st Trust Deed to complete final minor construction on this SFR investment Non Owner Occupied property in Escondido, San Diego County, CA. 100% funds from this loan will go into Funds Control to lay concrete for driveway, finalize 433A Permanent install septic and certificate of occupancy. Borrowers have invested 445K personal “skin in the game”: land purchase, property improvements, water, solar, foundation and city approved permits/fees. Exit strategy is a conventional loan.
The subject property will consist of a newly built prefab SFR with 1,782 SF of living space sitting on a 1.47 acres lot in Escondido, San Diego County. The subject property will consist of 7 total rooms, 3 Bed / 2 Bath. The subject property is surrounded by similar SFRs and is very well located just off the 15 & 78 freeways, near the San Diego Zoo and many schools, restaurants, shopping plazas.
What we like about this Trust Deed opportunity:
- SFR in Escondido, San Diego County
- 8.50% Annualized Return
- 6 months Guaranteed Interest
- 6 months Prepaid Interest
- $445K “skin in the game”
- 100% Funds control
- $715K Gross Protective Investor Equity
$85,000 1st TD @ 8.50%, 10.63% LTV, SFR, 6 mo. guar., NOO, San Diego County, CA