582 40th Avenue, San Francisco, CA 94121, USA


Investment Summary

Investment Overview

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 a Fix and Flip property located in San Francisco, CA.  This is a business purpose opportunity with a no owner-occupied component.

 

Overview

New 1st Loan Amount:   $813,000.00

Security:                             San Francisco Purchase for $1,162,500                           AS-IS Value:        $1,550,000

Term Requested:             12 month term

Purpose of Loan:              San Francisco property with 30% down.

Rehab Amount:                $200,000-,$300,000 – Basic Rehab, no square foot addons

ARV:                                   $2,200,000 – $2,300,000

Exit Plan:                           Once the rehab has been completed, they will list and sell the property.

COE:                                   To be approximately on 4.10.2020

Min Investment:              Fractional offers will be considered with a minimum investment of $140,000.

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.

Estimated Hold Time 10-12 Months
Investment Availability

Closed to Lenders

Youtube Link

Loan Details

Lien Position 1st Trust Deed
Loan Amount $813,000
Net Interest Rate 8.00%
Term I/O due in 1 year
Type of Transaction Residential
Type of Loan Fix & Flip
Transaction Type Purchase
Occupancy Investment Property

Purchase Information

Purchase Price $1,162,500
As-is Value $1,550,000
ARV $2,200,000
Rehab Needed $300,000
LTV (PP) 69.94%
LTV (As is) 52.45%
LTV (ARV) 36.95%

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 Yes
Bankruptcy
Closed Flips YTD
Closed Flips Lifetime
Investment Properties Owned

Property Information

Property Type SFR
Number of Units 1
Bedrooms / Bathrooms 3/2
Building Sq. Ft. 1,518

Automated Values

Zillow $1,406,412
Trulia
Redfin
Bank of America

Property Attributes

On a Busy Street

No

Near Train Tracks

No

Near Freeway

No

Suburban or Rural

Suburban

BSF

Interest Rate 9.50%
Broker Service Fee 1.5 %
Net Rate 8.00%

Location Details


Investment Overview

Loan Amount $813,000
Net Interest Rate 8.00%
Lien Position 1st Trust Deed
Term I/O due in 1 year
Purchase Price $1,162,500
As-is Value $1,550,000
LTV (As Is) 52.45%
Type of Loan Fix & Flip
Transaction Type Purchase
Occupancy Investment Property

Documents

Appraisal
BPO (Click to Download)
Appraisal Review
MLS Listing - Before (Click to Download)
MLS Listing - After (Click to Download)
Comps
Have a Question ?

If you have a question about the transaction process general inquiry, Premier Money Source will be happy to help.