Successful business owners sought a small $195K 2nd Trust Deed business purpose cash out loan on this beautiful SFR in Tustin, CA. 100% of the loan proceeds will be used to upgrade and expand borrowers’ Investment Banking Company, Teleios Capital Group LLC. https://www.teleioscapital.com
The borrowers’ 1st mortgage is current and in good standing with a principal balance of $1,811,272 on a fixed 3.975% interest rate, maturing September 2052. 1st TD monthly payment is $12,426/mo. The lender impounds for taxes and insurance. Investor Equity Protection on this loan is $1,143,727.
The subject property is an SFR on a desirable cul-de-sac in Tustin Ranch featuring 5 BED / 3.5 BA, with 3,831 SF of living space on a 0.26 acres lot. The subject property features nice backyard with an in-ground pool and spa. The subject property is located in a great location, quiet suburban neighborhood, close to Award Winning Tustin Unified Schools: Peters Canyon Elementary, Pioneer Middle, and Beckman High. Easy Access to the Toll Roads, 5 Freeway, Peters Canyon/Irvine Regional Parks, Tustin Ranch Golf Course, and numerous hiking & biking trails.
Borrowers are wrapping up final stage of a kitchen and bathroom remodel which borrowers have self-financed and will add further improvement value to this subject property. This business purpose cash out loan in unrelated to the remodel with funds being wired directly to borrowers’ business entity.
What we like about this Trust Deed opportunity:
- SFR in desirable Tustin Ranch, Orange County, CA
- 13.50% Investor Rate
- Investor Equity Protection: $1,143,72
- 3 months Prepaid Interest
- 6 months Guaranteed Interest
