Trust Deeds Opportunities

Posted on May 8, 2010 by

 

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      

Appraised Value     $3,350,000 

Loan to Value          61%
Protective Equity    $1,282,000  
Property Type        Single Family 
Occupancy             Non-Owner 
Investor Yield          13.00% 
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]  (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 Neighborhood 
Rented for $3,950 per Month Strong Borrower Business Owner 23+ Years Top Location  
Loan Amount          $555,000      

Appraised Value     $825,000  

Loan to Value          67%
Protective Equity    $270,000      
Property Type         Single Family
Occupancy              Non-Owner
Investor Yield          11.0% 
Loan Term               2Year(40 due 2)
*Appraisal Complete 5/23/17
*6 Months pre-payment penalty included

NEW 1st TRUST DEED OPPORTUNITY

REFINANCE LARGE NEWER MULTI-FAMILY + RETAIL BUILDING + LARGE 25 CAR PARKING

PRIME SANTA BARBARA LUXURY DOUBLE PARCEL
67% LOAN TO VALUE – 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, LOCATION 
Loan Amount          $1,988,000
Appraised Value     $2,925,000    
Loan to Value          67%
Protective Equity    $937,000      
Property Type         Multi-Family+Retail
Occupancy                 Investment
Investor Yield          10.00% 
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 Area 
**Fully Rented $16,627 per Month + Strong Borrower Owner + Rate & Term Refinance

 

Filed Under: Trust Deed Opportunities

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    May 8, 2010 at 6:48 pm

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