Dear Trust Deed Investors
Premier Money Source, Inc. is pleased to present the following Trust Deed Opportunity for your consideration. This is a purchase first trust deed against an investment property located in Fontana, CA. This is a business purpose opportunity with no owner-occupied component. There will be 2 additional properties that will be encumbered with this loan.
1306 Marion Dr., Bakersfield, CA 93302 – we will be in 1st position and the current value is $115,000
733 Jefferson St., Bakersfield, CA 93305 – we will be in 2nd position and the current value is $185,000
You can view the BPO on all 3 properties below.
Overview
New 1st Loan Amount: $408,000
Net Interest Rate: 8.25%
Security: Fontana Purchase for $480,000 Value: $510,000
Marion, Bakersfield Cross Collateral (In 1st position) Value: $115,000
Jefferson, Bakersfield Cross Collateral (In 2nd position) Value: $185,000
Term Requested: 12 month term
Purpose of Loan: Purchase Fontana property with 15% down. Using the 2 Bakersfield properties as collateral.
Exit Plan: Buy and Hold and refinance after 1 year.
COE: To be approximately on 10.16.2018
Min Investment: Fractional offers will be considered with a minimum investment of $75,000.
If you have interest in this investment opportunity, 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.
Lien Position | 1st Trust Deed |
Loan Amount | $408,000 |
Net Interest Rate | 8.25% |
Term | I/O due in 1 year |
Type of Transaction | Residential |
Type of Loan | Commercial / Multi Family |
Transaction Type | Purchase |
Occupancy | Investment Property |
Purchase Price | $480,000 |
As-is Value | $510,000 |
ARV | $510,000 |
Rehab Needed | $0 |
LTV (PP) | 85.00% |
LTV (As is) | 80.00% |
LTV (ARV) | 80.00% |
Junior/Senior Financing | No |
Type of Junior/Senior Financing |
Junior/Senior Lien Position | |
Junior/Senior Loan Amount | $ |
Credit Score | |
Foreclosure | No |
Bankruptcy |
Closed Flips YTD | |
Closed Flips Lifetime | |
Investment Properties Owned |
Property Type | SFR |
Number of Units | 1 |
Bedrooms / Bathrooms | 4/3 |
Building Sq. Ft. | 2,414 |
Zillow | $495,807 |
Trulia | $0 |
Redfin | $494,576 |
Bank of America | $451,851 - $527,612 |
On a Busy Street |
No |
Near Train Tracks |
No |
Near Freeway |
No |
Suburban or Rural |
Suburban |
Interest Rate | 9.99% |
Broker Service Fee | 1.74 % |
Net Rate | 8.25% |
Loan Amount | $408,000 |
Net Interest Rate | 8.25% |
Lien Position | 1st Trust Deed |
Term | I/O due in 1 year |
Purchase Price | $480,000 |
As-is Value | $510,000 |
LTV (As Is) | 80.00% |
Type of Loan | Commercial / Multi Family |
Transaction Type | Purchase |
Occupancy | Investment Property |
Appraisal | (Click to Download) |
BPO | (Click to Download) |
Appraisal Review | (Click to Download) |
MLS Listing - Before | (Click to Download) |
MLS Listing - After | |
Comps |
If you have a question about the transaction process general inquiry, Premier Money Source will be happy to help.