12500 Terra Bella Street, Pacoima, Los Angeles, CA 91331, USA
Investment Summary
Dear Trust Deed Investors
Premier Money Source, Inc. is pleased to present the following Trust Deed Opportunity for your consideration. This is a purchase second trust deed against 12500 Terra Bella St, Pacoima, CA. We are crossing a 2nd property 525 S Shelton #106, Burbank. Current value for 12500 Terra Bella is $845,000 and 525 S Shelton, Burbank is a condo and current value is $570,000. The funds are being used to for a retaining wall and adding an ADU at 12500 Terra Bella, Pacoima. The value after the construction is $1,265,000. Both properties have a 1st TD combine amounts of $ 582,665. Bringing this loan to 60% LTV. This is a business purpose opportunity with a no owner-occupied component.
Overview
New 2nd TD Loan Amount: $216,000
AS-IS Value: $845,000 ARV Value: $1,265,000 12500 Terra Bella St, Pacoima
AS-IS Value: $570,000 525 S Shelton #106, Burbank
Term Requested: 12 month term
Purpose of Loan: Refinance both properties for Construction
Rehab Amount: $193,000
Exit Plan: Borrower plans on refinancing and paying us off.
COE: To be approximately on 10/03/2025
Min Investment: Minimum investment of $100,000
Please contact Duane Wellhoefer at 949.246.1992 or Duane@premiermoneysource.com. If you wish to commit to this loan, please provide your exact vesting for loan documents, amount you would like to invest, and best phone.
Thank you in advance for your consideration.
Loan Details
| Lien Position | 2nd Trust Deed |
| Loan Amount | $216,000 |
| Net Interest Rate | 10.99% |
| Term | I/O due in 1 year |
| Type of Transaction | Residential |
| Type of Loan | Bridge |
| Transaction Type | Refinance C/O |
| Occupancy | Investment Property |
Purchase Information
| Purchase Price | |
| As-is Value | $1,415,000 |
| ARV | $1,835,000 |
| Rehab Needed | $193,000 |
| LTV (PP) | |
| LTV (As is) | 15.27% |
| LTV (ARV) | 11.77% |
Junior/Senior Financing
| Junior/Senior Financing | Yes |
| Type of Junior/Senior Financing |
| Junior/Senior Lien Position | |
| Junior/Senior Loan Amount |
Borrower Information
| Credit Score | |
| Foreclosure | No |
| Bankruptcy | No |
| Closed Flips YTD | |
| Closed Flips Lifetime | |
| Investment Properties Owned |
Property Information
| Property Type | SFR |
| Number of Units | 1 |
| Bedrooms / Bathrooms | 4/3 and adding dADU |
| Building Sq. Ft. | 2,448 |
Automated Values
| Zillow | $1,416,500 |
| Trulia |
| Redfin | $1,443,787 |
| Bank of America |
Property Attributes
| On a Busy Street |
No |
| Near Train Tracks |
No |
| Near Freeway |
No |
| Suburban or Rural |
Suburban |
BSF
| Interest Rate | 13.99% |
| Broker Service Fee | 3 % |
| Net Rate | 10.99% |
Location Details
Investment Overview
| Loan Amount | $216,000 |
| Net Interest Rate | 10.99% |
| Lien Position | 2nd Trust Deed |
| Term | I/O due in 1 year |
| Purchase Price | |
| As-is Value | $1,415,000 |
| LTV (As Is) | 15.27% |
| Type of Loan | Bridge |
| Transaction Type | Refinance C/O |
| Occupancy | Investment Property |
Documents
| Appraisal | (Click to Download) |
| BPO | (Click to Download) |
| Appraisal Review |
| MLS Listing - Before | (Click to Download) |
| MLS Listing - After | |
| Comps |
Have a Question ?
If you have a question about the transaction process general inquiry, Premier Money Source will be happy to help.