Experienced real estate investor sought a business purpose cash-out 1st TD on this non-owner occupied, investment rental property in Whittier, Los Angeles, CA.  Funds from our loan paid off an existing Business Purpose 1st of approx. $250k and the balance of the funds will invested in borrower’s new start-up business. Exit strategy is a conventional refinance or sale of property.

 

The subject property is single story, traditional style SFR in a well maintained, suburban neighborhood in Whittier, CA.  The SFR sits on a .15 acre lot with 1,240 SF of living space. Subject property features 6 total rooms with 3 BR/2 BA, 2 car attached parking and features a nice wood fencing around subject property.  The property is very well located near many shopping plazas, schools, parks, restaurants, and the 605 & 5 Interstates. The subject property is fully occupied. The front unit earns $2,480/mo. and the back unit earns $850/mo., totaling rental income as $3,330 per month.

What we like about this Trust Deed opportunity:

  • SFR Investment Property
  • Fully occupied, earning total $3,330 per month
  • 65.00% LTV
  • 8.50% Annualized Return
  • 6 months Guaranteed Interest
  • 3 months Prepaid Interest

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