Loan Purpose:
The Borrower sought this 1st Trust Deed investment on a non-owner-occupied single-family residence in Inglewood, CA. Loan proceeds will be used to reimburse the borrower for recent renovations, complete landscaping, and address miscellaneous repairs. The borrower’s exit strategy is to refinance into a conventional loan.
Property Description:
The subject property is a 796 sq. ft. 2-bedroom, 1-bath single family bungalow built in 1926, situated on a 6,014 sq. ft. lot. The home has been recently upgraded inside and is in good overall condition with average curb appeal. It features a detached 1-car garage and is located in an urban neighborhood within close proximity to schools and shopping centers. The property is zoned INR2, allowing for 2-4 units, which provides additional future flexibility. The most recent BPO (09/25/2025) values the property at $700,000, with a projected market rent of $4,000/month.
What We Like:
- Strong equity position with low 25% LTV and $525k of principal protection
- Recently upgraded property with good condition and stable neighborhood
- High projected market rent of $4,000/month supports value
- Borrower strategy to refinance into a conventional loan provides a clear exit
- Property is zoned INR2, allowing potential multi-unit development
$175,000 1st TD @ 8.50%, SFR, CO, 25.00% LTV, 36 mo., NOO, $35,000 Min., Inglewood, CA
