$1,850,000 - 1st Trust Deed
1833 19th St., Santa Monica, 90404
INVESTMENT STATUS
Investment Status:
Fully Funded
Loan Amount:
$1,850,000
Amount Funded:
$1,850,000
Amount Available:
0
INVESTMENT DETAILS
SENIORITY OF LOAN: |
1st |
PROPERTY VALUE: |
$3,850,000 |
EXISTING DEBT ON PROPERTY: |
$0 |
LOAN AMOUNT: |
$1,850,000 |
LOAN TO VALUE (LTV): |
48% |
NET INVESTOR YIELD: |
10.5% |
MONTHLY NET TO INVESTOR: |
$16,187.50 |
TERM (INTEREST ONLY): |
24 Months |
PREPAID INTEREST AT CLOSE: |
5 Months |
ZONING / BED / BATHS / SQFT: |
|
USE OF FUNDS: |
Funds are being used to payoff an existing 1st ($1.35M), fund interest reserves, and $340k being funds controlled to add a 680 swft unit on top of the middle building. |
EXIT STRATEGY: |
Conventional refinance after construction complete. |
EXTRA DETAILS: |
Good credit (716) and good payment history. |