Trust Deed Opportunity Summary: A qualified borrower with extensive real estate experience sought a 1st Trust Deed refinance loan secured by two properties:
- An owner-occupied, free-and-clear Single-Family Residence (SFR) in La Mirada, Los Angeles County, CA
- A fully occupied, mixed-use commercial/residential property in Los Angeles, Los Angeles County, CA
The loan proceeds will be used to refinance an existing 1st Trust Deed loan that is in good standing and nearing maturity.
Property Overview – Single Family Residence (SFR):
A traditional two-story home located in a desirable suburban neighborhood in La Mirada, Los Angeles County, CA.
- 2,131 SF on a 0.25-acre lot
- 4 bedrooms, 3.5 bathrooms
- Two-car garage
- Convenient location near schools, shopping centers, restaurants, and easy freeway access (Imperial Hwy & 5 Freeway)
Property Overview – Mixed-Use Commercial & Residential:
A fully occupied mixed-use property consisting of two freestanding buildings in Los Angeles, Los Angeles County, CA.
- 2,550 SF on a 3,649 SF lot
- Front building: 1,500 SF commercial space currently operating as a retail market with a cashier area, security cameras, and a restroom
- Rear building: 1,050 SF Single Family Home with 2 bedrooms, 1 bathroom, an attached two-car garage, and an outdoor patio
- Parking: 6 spaces (2 garage, 4 open), plus street parking
- Current Rental Income: $5,000 per month
- Cap Rate: 6.00%
Loan & Investment Details:
- Loan-to-Value (CLTV): 31.31% on this 1st TD
- Net CLTV: 29.64%
- Combined Appraised Value: $1,898,000 ($1,058,000 SFR & $840,000 Mixed-Use)
- Investor Yield: 11.00% annualized return
- Guaranteed Interest: 6 months
- Prepaid Interest: 6 months
- Minimum Investment: $40,000
- Exit Strategy: Borrower intends to refinance with a new conventional loan
