3571 East 57th Street, Maywood, CA, 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 an owner occupied business purpose 2nd trust deed located in Maywood, CA. This is a business purpose loan to purchase a new commercial building for the clients auto mechanic shop.
Overview
New 1st Loan Amount: $226,000
Security: Property in Maywood, CA
AS-IS Value: $525,000
Term Requested: 24 month term
Purpose of Loan: Purchase a commercial building for his auto mechanic shop.
Exit Plan: Refinance or pay off loan in 2 years.
COE: To be approximately on 9/21/2021
Min Investment: Fractional offers will be considered with a minimum investment of $100,000.
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 | 2nd Trust Deed |
| Loan Amount | $226,000 |
| Net Interest Rate | 9.25% |
| Term | I/O due in 2 years |
| Type of Transaction | Residential |
| Type of Loan | O/O Business Purpose |
| Transaction Type | Refinance C/O |
| Occupancy | Primary Residence |
Purchase Information
| Purchase Price | $ |
| As-is Value | $525,000 |
| ARV | |
| Rehab Needed |
| LTV (PP) | |
| LTV (As is) | 43.05% |
| LTV (ARV) |
Junior/Senior Financing
| Junior/Senior Financing | |
| 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 | SFR |
| Number of Units | 1 |
| Bedrooms / Bathrooms | 2/1 |
| Building Sq. Ft. | 1,042 |
Automated Values
| Zillow | $525,900 |
| Trulia | $525,900 |
| Redfin | $463,789 |
| Bank of America |
Property Attributes
| On a Busy Street |
No |
| Near Train Tracks |
No |
| Near Freeway |
No |
| Suburban or Rural |
Suburban |
BSF
| Interest Rate | 11.50% |
| Broker Service Fee | 2.25 % |
| Net Rate | 9.25% |
Location Details
Investment Overview
| Loan Amount | $226,000 |
| Net Interest Rate | 9.25% |
| Lien Position | 2nd Trust Deed |
| Term | I/O due in 2 years |
| Purchase Price | $ |
| As-is Value | $525,000 |
| LTV (As Is) | 43.05% |
| Type of Loan | O/O Business Purpose |
| Transaction Type | Refinance C/O |
| Occupancy | Primary Residence |
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.