Real Estate investor sought a new business purpose purchase 1st TD on this non-owner occupied Duplex investment property in Laguna Beach, CA in Orange County. Funds from our loan will be used to purchase the subject property for $1.95 Mil. Borrowers’ Down Payment will be more than $500k.
The subject property is 1,914 SF duplex consisting of 2 – 2 Bedroom 2 bathroom units that are 957 square feet each. sitting on a 4,762 SF lot. The property has a total of 10 rooms which included 2 BR/2 BA and a 2-car attached garage per unit. The property has been built with good quality materials and finishes throughout. There are remodeled kitchen, remodeled baths, new paint, and new flooring throughout. The property is close to PCH and centrally located to schools, entertainment, restaurants, shopping, parks and medical facilities. Rental income is currently $6,500/month total. Exit strategy from our loan is a sale of the property after a remodel.
What we like about this Trust Deed opportunity:
- Non-owner Occupied Investment Property
- 8.00% Annualized Return
- Laguna Beach Location
- Strong Credit Worthy Borrower
- $6,500/month rental income
$1,462,500 1st TD @ 8.00%, 75.00% LTV on Purchase, Duplex, 24 mos., Laguna Beach, CA