Availability
Available
Property Type
Single Family Residential (SFR)
Seniority of Trust Deed
1st
Appraised Value
$1,080,000
Loan Amount
$635,000
Loan to Value (LTV)
59%
Term
24 Months
Interest Rate (APR)
10%
Prepaid Months of Interest
6 Months Prepaid Interest
Comments
This is a purchase loan for a 4 bed / 3 bath home with 2,832 sqft. The home was recently remodeled and the borrower is coming in with $150,000 of their own money for the down payment (seller will carry the balance as a 2nd).
Availability
Fully Funded
Property Type
Commercial - Apt Building
Seniority of Trust Deed
2nd
Appraised Value
$3,000,000
Loan Amount
$700,000
Loan to Value (LTV)
42% Combined LTV
Term
24 Month
Interest Rate (APR)
11%
Prepaid Months of Interest
5 Months Prepaid Upfront
Comments
8 Unit (2 bed, 1 bath) apartment building on the desirable Miracle Mile Neighborhood of West Los Angeles. Property is finishing it’s full remodel and is estimated to bring in $20,000/month in rent once complete. Borrower has an almost perfect credit score of 790.
Availability
Fully Funded
Property Type
Commercial Building
Seniority of Trust Deed
1st
Appraised Value
$2,600,000
Loan Amount
$835,000
Loan to Value (LTV)
32%
Term
36 Months
Interest Rate (APR)
10%
Prepaid Months of Interest
3 Months Prepaid Upfront, 6 Months Guaranteed
Comments
12,204 sqft commercial building on a 1.06 acre lot w/ 62 parking spaces. Funds are being used to payoff a $325k loan with the cash out being used to make improvements on another investment property. Borrower credit score is 821!