| Street Address: | Sierra Vista St. |
| Loan Amount: | $126,750.00 |
| Purchase Price: | N/A |
| Appraised Value: | $200,000.00 |
| Loan to Value: | 63.38% (based on appraised value) |
| Investor Yield: | 10.00% |
| Property Type: | Vacant Lot |
| Occupancy: | Non Owner Occupied |
| Term: | 40 due in 6 months (plus 6 month extension option) |
| Loan Status: | In Process |
| Trust Deed Status: | Sold |
Contact Information:
David GoldenOffice: 949.467.9288
Mobile: 949.500.1917
Email: dgolden@goldencapitalgrp.com
Trust Deed Inquiry
Property Description:
- Experienced in-fill home builder just purchased the vacant lot using all cash
– Our company is funding a 63.38% 1st and 10% 2nd trust deed to replenish his funds
– Only the 1st trust deed is available for purchase, our private fund will portfolio the 2nd trust deed (we keep “skin in the game”)
– Loan term is 6 months with an option to extend for an additional 6 months
– Borrower will obtain permits and prep the lot and then obtain construction financing
