top of page
$2,150,000 - 1st Trust Deed
301 Mohawk Road, Santa Barbara, CA 93109 AND 813-815 W Mission Street, Santa Barbara, CA 93101
Mission Street - Front.png
Mission Street - Back.png
Mohawk - Exterior.png
Mission Street - Front.png
1/5
INVESTMENT STATUS
Investment Status:
Fully Funded
Loan Amount:
$2,150,000
Amount Funded:
$2,150,000
Amount Available:
0
INVESTMENT DETAILS
SENIORITY OF LOAN: |
1st |
PROPERTY VALUE: |
$5,200,000 |
EXISTING DEBT ON PROPERTY: |
$0 |
LOAN AMOUNT: |
$2,150,000 |
LOAN TO VALUE (LTV): |
41% |
NET INVESTOR YIELD: |
11% |
MONTHLY NET TO INVESTOR: |
$19,708.33 |
TERM (INTEREST ONLY): |
24 Months |
PREPAID INTEREST AT CLOSE: |
7 Months |
ZONING / BED / BATHS / SQFT: |
|
USE OF FUNDS: |
Finish Construction on 301 Mohawk + Cash in Pocket |
EXIT STRATEGY: |
Unknown |
EXTRA DETAILS: |
Rents on Mission St are $6,000/month |
bottom of page