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 Buy & Hold property located in Newport Beach, CA. The seller knows the buyer and is gifting $475,000 of Equity. The buyer is bringing in approximately $125,000 to closing. The property appraised by an approved appraiser for $1.57 million.
This is a business purpose opportunity with a no owner-occupied component.
Overview
New 1st Loan Amount: $1,020,500
Security: Newport Beach Purchase for $1,570,000 AS-IS Value: $1,570,000
Term Requested: 12 month term
Purpose of Loan: Newport Beach property with $125,000 down and seller is gifting $475,000 in equity
Exit Plan: Borrower will either refinance or sell the property in 12 months.
COE: To be approximately on 5.30.2020
Min Investment: Fractional offers will be considered with a minimum investment of $150,000.
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 | $1,020,500 |
Net Interest Rate | 8.25% |
Term | 40/1 Year |
Type of Transaction | Residential |
Type of Loan | Rental |
Transaction Type | Purchase |
Occupancy | Investment Property |
Purchase Price | $1,570,000 |
As-is Value | $1,570,000 |
ARV | $1,570,000 |
Rehab Needed |
LTV (PP) | 65.00% |
LTV (As is) | 65.00% |
LTV (ARV) | 65.00% |
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 | Condo |
Number of Units | 2 |
Bedrooms / Bathrooms | 6/3 |
Building Sq. Ft. | 1,530 |
Zillow | $1,486,777 |
Trulia |
Redfin | $1,604,988 |
Bank of America |
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 | $1,020,500 |
Net Interest Rate | 8.25% |
Lien Position | 1st Trust Deed |
Term | 40/1 Year |
Purchase Price | $1,570,000 |
As-is Value | $1,570,000 |
LTV (As Is) | 65.00% |
Type of Loan | Rental |
Transaction Type | Purchase |
Occupancy | Investment Property |
Appraisal | (Click to Download) |
BPO | |
Appraisal Review |
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.