Loan Description:
CrowdTrustDeed is pleased to present a $250,000 2nd Trust Deed investment secured by a Duplex in Tujunga, California owned by a borrower. The loan is structured as a business purpose, interest-only cash-out loan to an owner-occupied borrower. The 1st TD is at 4.75% and
The property is supported by an as-is Broker Price Opinion of $1,120,000, with an estimated $400,000 existing first trust deed, resulting in a conservative 58.03% combined loan-to-value (CLTV). The loan carries a 12.00% lender interest rate, with monthly interest-only payments of $2,552.08 over a 24-month term.
Investor protection includes six months of guaranteed interest, with three months prepaid at closing, a recorded 2nd Trust Deed, and an extended ALTA lender’s title insurance policy insuring lien position. Additional safeguards include hazard insurance naming the lender as loss payee, borrower credit review, lender inspection, and full documentation of business use of funds. This offering provides attractive yield, strong equity coverage, and a defined short-term exit strategy.
Property Description:
The subject property is a well-maintained duplex (2-unit residential property) located in the Tujunga area of Los Angeles County, situated on an approximately 10,452 square foot (0.24-acre) lot in a predominantly single-family residential neighborhood. The property consists of two detached residential units, totaling approximately 1,970 square feet of gross living area, with a combined 4 bedrooms and 3 bathrooms.
Originally constructed in 1954, the property features stucco exterior construction, traditional architectural styling, and an attached two-car garage. Both units are currently occupied, and the property is reported to be in average to good overall condition, meeting basic living and safety standards. The Broker Price Opinion notes no deferred maintenance or required repairs.
Zoned LAR1 and held in fee simple ownership, the property benefits from a stable local market characterized by limited multi-family inventory and strong end-user demand. Market data reflects average marketing times of approximately 60 days and projected gross market rents of approximately $5,000 per month. The BPO supports an as-is market value of $1,120,000, providing substantial equity coverage for the subject 2nd Trust Deed investment.
What we like about this Trust Deed opportunity:
- 12.00% yield at a 58.03% CLTV and 57.26% net CLTV
- Fully Occupied Duplex
- 6 months Guaranteed Interest and 3 months Prepaid Interest
