11011 Garfield Ave, South Gate, CA 90280, 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 refinance first trust deed against an investment property located in South Gate, CA. This is a business purpose opportunity with no owner-occupied component.
Overview
New 1st Loan Amount: $210,000
Net Interest Rate: 9.99%
Security: South Gate Property Value: $855,000+
Term Requested: 12 month term
Purpose of Loan: Refinance South Gate property to use funds to purchase another property
Exit Plan: This property is currently rented to tenants, after the property being purchased is sold this loan will pay off
COE: To be approximately on 8.30.2019
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.
Loan Details
| Lien Position | 1st Trust Deed |
| Loan Amount | $210,000 |
| Net Interest Rate | 8.25% |
| Term | I/O due in 1 year |
| Type of Transaction | Commercial |
| Type of Loan | Commercial / Multi Family |
| Transaction Type | Refinance C/O |
| Occupancy | Investment Property |
Purchase Information
| Purchase Price | |
| As-is Value | $855,000 |
| ARV | $855,000 |
| Rehab Needed |
| LTV (PP) | |
| LTV (As is) | 24.56% |
| LTV (ARV) | 24.56% |
Junior/Senior Financing
| Junior/Senior Financing | No |
| Type of Junior/Senior Financing |
| Junior/Senior Lien Position | |
| Junior/Senior Loan Amount |
Borrower Information
| Credit Score | |
| Foreclosure | No |
| Bankruptcy |
| Closed Flips YTD | |
| Closed Flips Lifetime | |
| Investment Properties Owned |
Property Information
| Property Type | Commercial |
| Number of Units | 1 |
| Bedrooms / Bathrooms | |
| Building Sq. Ft. | 5,280 |
Automated Values
| Zillow | |
| Trulia |
| Redfin | |
| Bank of America |
Property Attributes
| On a Busy Street |
Yes |
| Near Train Tracks |
No |
| Near Freeway |
No |
| Suburban or Rural |
Suburban |
BSF
| Interest Rate | 9.99% |
| Broker Service Fee | 1.74 % |
| Net Rate | 8.25% |
Location Details
Investment Overview
| Loan Amount | $210,000 |
| Net Interest Rate | 8.25% |
| Lien Position | 1st Trust Deed |
| Term | I/O due in 1 year |
| Purchase Price | |
| As-is Value | $855,000 |
| LTV (As Is) | 24.56% |
| Type of Loan | Commercial / Multi Family |
| Transaction Type | Refinance C/O |
| Occupancy | Investment Property |
Documents
| Appraisal | (Click to Download) |
| BPO | |
| Appraisal Review |
| MLS Listing - Before | |
| 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.