Long time successful real estate investor sought a cash-out 1st TD on this unique Riverside County home to payoff an existing 1st TD and make numerous improvements to the property to increase its value, rental rate and appeal.
The subject property is a single story ranch style single family residence that sits on a large 1.07 acer lot. The home has 7 total rooms including 3 bedrooms and 2 bathrooms with a patio/deck and is a total of 1,344 square feet. The property is located in a unique part of Riverside County between Mystic Lake, Diamond Valley Lake and Canyon Lake. It is also conveniently located near the 215 freeway and close driving distance to restaurants, shopping parks and churches.
What we like about this Trust Deed opportunity:
- Unique Riverside location
- 6 months Guaranteed Interest
- 1st TD with 10.00% annualized return
- Long time rental owner
- 52.80% Net LTV
$180,000 1st TD @ 10.00%, 60.00% LTV, SFR, 6 mo. guar., NOO, Nuevo, CA