Borrowers sought a $374,500 Second Trust Deed secured by the Condominium property located in Hermosa Beach, CA. The loan is structured as a Owner Occupied Business Purpose Cash-Out in 2nd position, supported by an estimated property valuation of $2,370,000 and an existing 1st TD balance of $1,166,000, resulting in a combined loan amount of $1,540,500 and a favorable 65% CLTV.
The loan carries a 11.00% yield to the investor with a 36-month maturity, a monthly payment of $3,901.04, and includes 6 months guaranteed interest with 3 months prepaid at closing. Borrowers must satisfy all lender conditions, including credit review, proof of business purpose, entity documentation, hazard insurance, updated appraisal, bank statements, and issuance of lender’s ALTA title policy.
Property Description:
It is a well-appointed three-story condominium located in the highly desirable Hermosa Beach community. Offering 2,456 square feet, this spacious residence includes three bedrooms and three-and-a-half bathrooms, delivering a functional and comfortable coastal living experience. Built in 1986 and maintained in good condition (C3), the home features quality interior finishes such as wood and carpet flooring, updated drywall, attractive trim, and tiled baths. Multiple balconies and a private patio create seamless indoor-outdoor flow and capture the area’s coastal ambiance.
The unit includes an attached two-car garage and solar panels, enhancing energy efficiency. As part of the Aubrey Park Condos, a boutique four-unit development, the property benefits from well-maintained common areas, a stable HOA, and exclusive-use yard and deck easements for each homeowner.
Situated near beaches, shops, schools, and major commuter routes, the location offers both convenience and the quintessential Hermosa Beach lifestyle. The condo enjoys ocean and city view influences, which contribute positively to market appeal and value. Neighborhood trends show stable pricing, strong buyer demand, and marketing times typically under 90 days.
Overall, the property provides a rare combination of generous living space, coastal charm, and proximity to everything that makes Hermosa Beach one of the South Bay’s most sought-after communities.
What we like about this Trust Deed opportunity:
11% yield on a 2nd TD at a low 65% CLTV
Well located corner location in Hermosa Beach
Established Business Owner and Real Estate Investor
