$720,000 - 1st Trust Deed
1100 S San Pedro St, #M1 & M2, Los Angeles, CA 90015
1015 Crocker St #S15 & S22, Los Angeles, CA 90021
INVESTMENT STATUS
Investment Status:
Fully Funded
Loan Amount:
$720,000
Amount Funded:
$720,000
Amount Available:
0
INVESTMENT DETAILS
SENIORITY OF LOAN: |
1st |
PROPERTY VALUE: |
$1,147,000 |
SENIOR DEBT ON PROPERTY: |
$0 |
LOAN AMOUNT: |
$720,000 |
LOAN TO VALUE (LTV): |
62.7% |
NET INVESTOR YIELD: |
12% |
MONTHLY NET TO INVESTOR: |
$7,194.00 |
TERM (INTEREST ONLY): |
36 Months |
PREPAID INTEREST AT CLOSE: |
3 Months |
ZONING / BED / BATHS / SQFT: |
Includes (4) commercial condos, with a combined 3,648 sqft, in Downtown LA Fashion District:
|
USE OF FUNDS: |
Borrower will use this loan + $385k of his own cash to payoff existing 1st. |
EXIT STRATEGY: |
Unknown |
EXTRA DETAILS: |
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