When a mortgage lender extends you the money to purchase your home, it requires a security interest in your property that takes priority over all others. To secure its seniority, it obtains a first trust deed on your property. In the event you default on your mortgage loan, the first trust deed ensures your lender’s priority during a foreclosure action, effectively eliminating all other junior liens that may exist.
Lien Perfection
One of the documents you signed during your mortgage loan closing was a trust deed, which listed three parties: you (as borrower), your lender and the trustee. Trustees are frequently title companies, whose roles and responsibilities under the trust deed include holding your property in trust as security for your loan, and facilitating the recording of the trust deed in the public real property records where your home is located. The recording of the trust deed perfects your lender’s senior lien status. Upon paying your mortgage loan in full, the trustee will convey the property back to you and remove the first trust deed lien from your property.
Property Records
Once your lender’s trust deed is recorded against your property, its lien will appear in the public real property records until such time as the trustee conveys your property back to you. In the event you decide to take out a home equity loan, a title search will be done to determine who has an existing trust deed against your home. Upon seeing your mortgage lender’s first trust deed, the document you sign to pledge your home as collateral for your equity loan will become a second trust deed — hence the term “second mortgage.”
Foreclosure Process
In the event you default on your mortgage loan, the trustee of your lender’s first trust deed has the power to initiate foreclosure proceedings, as specified in the language contained within the document itself. The trustee can conduct the foreclosure action, on your lender’s behalf, without a court ruling. Any junior lienholders, such as the lender of your second mortgage, are at risk of losing their security interest in your home at the foreclosure sale.
Low Risk
From a lender’s perspective, there is low risk associated with a first trust deed, as there are virtually no other threats to its security position, with the exception of delinquent real property taxes and IRS liens. Most liens that attach to a home after the first trust deed is recorded become junior liens, and generally, a junior lienholder can only clear a senior lien from the property if they pay the debt secured by the senior lien in full. A default on a junior lien prompting aggressive collection action, such as foreclosure, renders the junior lienholder responsible for paying off the remaining mortgage loan balance if they want to own the property free and clear of encumbrances.
Lake Forrest
**New Refinance Well Kept Newer Retail Building + Low 55% Ltv + Strong Borrower & Strong 682 Mid**
Appraised Value: $825,000
New 1st Trust Deed: $461,000
Protective Equity: $364,000
Loan to Value: 55%
Term 2 Years with a 6 Month PP
Rate: 11.0%
Borrower Credit Score: 682 Mid
Rental to be Income: $4,500 per Month
Borrower is a small business owner for the last 22 years. He is a Real Estate investment firm operating Co-Manager. This will be second rental home in Orange County.
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Tracy, CA
New 1st Trust Deed Opportunity – Private For Your Eyes Only – New Purchase Large Luxury Single Family Rental Home Newer Just Built 2001Â – Extended Bay Area Tracy, Ca Opportunity
**New Purchase Newer Luxury Rental Home Just Built 2001 + Large $$ Cash Down Payment + Low Loan to Value + Great Rental Income + Strong Borrower**
Appraised Value: $520,000
Purchase Price: $520,000
New 1st Trust Deed: $358,000
Cash Down Payment: $162,000
Protective Equity: 162,000
Loan to Value: 68% Ltv
Rate: 10%
Term: 2 Years with 6 month pre pay
To Be Rented for: $3,950
Borrower Credit: Foreign National Chinese Credit Equivalent Above 700
Borrower is a small business owner for the last 16 years. The family also has 3 other rental homes and a Multi-Acres property in Northern CA.
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San Jacinto, CA
**New Refinance Rental Home 3,377 sq. ft. Luxury + Low Loan to Value + Strong Borrower**
Appraised Value: $300,000
New 1st Trust Deed: $209,000
Protective Equity: $91,000
Loan to Value: 69%
Term 2 Years with a 6 Month PP
Rate: 10%
Borrower Credit Score: 652
Rental for Income: $2,200
Borrower is a Supervisor Rep and Nurse for Kaiser Permanent for the last 15 years. The family owns another 2 residential rental homes and a commercial parcel in Southern Ca.
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San Pedro, CA
**New Refinance Luxury Rented Rental Home + Huge Rental Income + LOW Loan to Value + Strong Borrower**
Appraised Value: $675,000
New 1st Trust Deed: $465,000
Protective Equity: $210,000
Loan to Value: 68%
Term 2 Years with a 6 Month PP
Rate: 11.0%
Borrower Credit Score: 658 Mid
Rented For: $3,400 per Month
Borrower is a small business owner for the last 24 years. The family are also a Real Estate investors and managers with another 2 rental home and a multi- family rental owned locally.
 
Appraisal Newport Beach ( click on appraisal )
NEW 2nd TRUST DEED OPPORTUNITY
NEW REFINANCE NEWER LARGE SINGLE FAMILY RENTAL HOME NEWER BUILT 2000
PRESTIGIOUS ONE FRONT DRIVE LUXURY GATED GOLF COMMUNITY WOW
61% C- LOAN TO VALUE, NEWPORT BEACH, CA
BORROWER STRONG 655 MID FICO SCORE
CURRENT 1st is $1,219,000 at 3.8%
BUSINESS PURPOSE LOAN RATE & TERM REFINANCE NOTE HAS COME DUE
PRIME ORANGE COUNTY UPSCALE LOCATION
Borrower is a Successful Small Business Owner for the last 25 years.
The also owns a rental home and a commercial parcel in local County.
STRONG 13.0% on 61% Combined Loan to Value
Loan Amount         $849,000     Â
Appraised Value    $3,350,000Â
Loan to Value      61%
Protective Equity   $1,282,000 Â
Property Type       Single FamilyÂ
Occupancy            Non-OwnerÂ
Investor Yield         13.00%Â
Loan Term              2Year(40 due 2)
*Appraisal Complete 10/14/17,
*6 Months pre-payment penalty included
*Current 1st Trust Deed $1,219,000 Chase 3.8% 30 year fixed
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Appraisal 19677[2] Â (click here)
NEW 1st TRUST DEED OPPORTUNITY
NEW REFINANCE BRAND NEW MODERN COMMERCIAL BUILDING CONSTRUCTION SITE
WORLD FAMOUS BEACH BLVD ACROSS STREET FROM MEDIEVAL
TIMES & PIRATES DINNER ADVENTURE #1 LOCATION
26% LOAN TO VALUE AS-IS – BUENA PARK, CA
11% LOAN TO VALUE ONCE COMPLETED
BORROWER AMAZING 779/778/774 MID FICOS
FAMOUS DEVELOPMENT SITE HUGE UPSIDE RARE HOT ORANGE COUNTY LOCATION
Borrower is successful Small Business Owner for the last 17 years. The family owns another Real Estate developers with 3 other similar projects completed in another Florida & Asia
RARE 12% YIELD On LOW 26% LTV As-IsVALUE LOCATION, LOCATION, LOCATION
Loan Amount $3,997,000 Appraised Value $15,200,000 Appraised Complete $35,000,000
Loan to Value Protective Equity Property Type Occupancy Investor Yield
Loan Term
26% $11,203,000 Commercial
Non-Owner Invest
12.0%
2Year(40 due 2)
*Appraisal Complete 2/13/17 & Re-cert 11/12/18 *Strong Area Orange County World Famous Block
Details:
Our borrower is requesting a new loan for this large rental property in a great location of Buena Park, California. The property appraised on for $15,200,000 as-is and $35,000,000 as
complete. The borrower lives in Newport Beach and is a successful Small Business Owner for the last 17 years. The family owns another Real Estate developers with 3 other similar projects completed in another Florida & Asia. Our borrower has an amazing 778 mid fico score. Our borrower is paying off a mortgage note that has come due. The property is shovel ready with funds coming from over sees to begin the work. Our borrower is planning on taking out our loan with all cash within the next 18-20 months.
Based on the City of Buena Park Development Agreement No. DA16-005, dated
December 27, 2016, the proposed project is an approximately 57,300 SF building,
comprising a ±53,000 SF butterfly and nature habitat entertainment/educational facility,
and an approximately ±4,300 SF full service restaurant with outdoor dining/patio area, on
an 8.74-acre, mostly square lot. The ±53,000 SF butterfly and nature habitat
entertainment/educational facility will include a movie theatre, greenhouse with chrysalis
lab, horticulture area and viewing room, retail store, party rooms with catering kitchen,
aquarium, and administrative/storage areas, per the Development Agreement, the
completion date for construction is estimated to be July 16, 2018
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Details:
Our borrower is requesting a NEW refinance loan this rental property in a great location of Valley Village, California. This is a sought after city in San Fernando valley. The property appraised for $825,000. Our borrower lives locally and is a Successful Small Business Owner for the past 23 years. Her family owns a mid size manufacturing business and another rental home.
The property is rented for $3,950 per month. The borrower is using the funds to payoff a note
that has come due. Our borrower plans on selling this property within the next 17-19 months.
Low 67% Loan to Value on Luxury Single Family Rental Home in High End NeighborhoodÂ
Rented for $3,950 per Month Strong Borrower Business Owner 23+ Years Top Location Â
Loan Amount         $555,000     Â
Appraised Value    $825,000 Â
Loan to Value         67%
Protective Equity   $270,000     Â
Property Type        Single Family
Occupancy             Non-Owner
Investor Yield         11.0%Â
Loan Term              2Year(40 due 2)
*Appraisal Complete 5/23/17
*6 Months pre-payment penalty included
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NEW 1st TRUST DEED OPPORTUNITY
REFINANCE LARGE NEWER MULTI-FAMILY + RETAIL BUILDING + LARGE 25 CAR PARKING
PRIME SANTA BARBARA LUXURY DOUBLE PARCEL
67% LOAN TOÂ VALUEÂ – SANTA BARBARA, CA
BLOCKS TO STATE STREET & BEACH
#1 TOP HIGH END RETAIL BLOCKS IN AREA
JUST SOLD 2/2017 for $2,750,000 + Remodeled After for Additional $80,000 out of pocket
3 MEDICAL OFFICES + 3 RESIDENTIAL
FULLY RENTED FOR $16,627 PER MONTH
HUGE 7,005 sqft. RENT-ABLE 12,600 sqft. LOT
Borrower is a small business owner for the past 22 years. The family are also successful Real Estate Investor with three other commercial buildings and two rental homes in the County.
STRONG 10.00% YIELD on LOW LTV PRIME
LOCATION, LOCATION, LOCATIONÂ
Loan Amount      $1,988,000
Appraised Value    $2,925,000  Â
Loan to Value         67%
Protective Equity   $937,000     Â
Property Type        Multi-Family+Retail
Occupancy                Investment
Investor Yield         10.00%Â
Loan Term              2Year(40 due 2)
*Appraisal Complete 5/09/17, Low LTV
*6 Months pre-payment penalty included
*Amazing Santa Barbara Luxury Location
Our borrower is requesting a NEW refinance loan for this large property in a great location of Santa Barbara, California. The property appraised for $2,925,000. The borrower lives in a luxury home locally and is a successful small business owner for the past 22 years. They are also a successful Real Estate Investor with three commercial buildings and two rental homes owned in the County. Our borrower is using the funds to payoff a current note that has come due. No cash out just rate and term refinance. The borrower plans on selling the property in the next 19-22 months.
**Amazing Low 67% Loan to Value on Large Multi-Family + Retail Building in RARE AreaÂ
**Fully Rented $16,627 per Month + Strong Borrower Owner + Rate & Term Refinance
