Successful real estate investors and previous Mortgage Vintage borrowers sought to refinance their existing 1st Trust Deed on this non-owner-occupied Garden Grove, Orange County rental property. In addition to our new $300k loan, the Borrower is bringing in over $215k cash to close to pay off the existing $515k US Bank 1st Trust Deed.
The subject property is a single-story, ranch styled SFR that sits on a large 6,699 SF lot. The home itself is 1,722 SF and has 8 total rooms including 4 bedrooms and 2 bathrooms. The property also features large front and backyards and has an inground pool. It is situated in a great part of Garden Grove conveniently close to schools, shopping centers, parks, restaurants, entertainment, banks and restaurants.
What we like about this Trust Deed opportunity:
- Non-Owner-Occupied investment property
- Borrower bringing in over $215k cash to close
- 4 months Guaranteed Interest
- Very low 31.58% LTV
$300,000 1st TD @ 6.00%, 31.58% LTV on As Is, SFR, 12 mos., 4 Mo. Guar., Garden Grove, CA