1311 Exposition Blvd, Los Angeles, CA, 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 & Flip property located in Los Angeles, CA.  This is a business purpose opportunity with a no owner-occupied component.

 

Overview

New 1st Loan Amount:   $425,000

Security:                            Los Angeles Purchase for $500,000                                   AS-IS Value:        $500,000

Term Requested:             12 month term

Purpose of Loan:             Los Angeles property with 15% down

Rehab Amount:                $76,000

ARV:                                   $750,000

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

COE:                                   To be approximately on 7/14/2021

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.

Estimated Hold Time 6-9 Months
Investment Availability

Closed to Lenders

Youtube Link

Loan Details

Lien Position 1st Trust Deed
Loan Amount $425,000
Net Interest Rate 8.25%
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 $500,000
As-is Value $500,000
ARV $750,000
Rehab Needed $76,000
LTV (PP) 85.00%
LTV (As is) 85.00%
LTV (ARV) 56.67%

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 2-4 Units
Number of Units 2
Bedrooms / Bathrooms 4/2
Building Sq. Ft. 1,520

Automated Values

Zillow $645,600
Trulia
Redfin $737,758
Bank of America

Property Attributes

On a Busy Street

Yes

Near Train Tracks

No

Near Freeway

No

Suburban or Rural

Suburban

BSF

Interest Rate 9.00%
Broker Service Fee 0.75 %
Net Rate 8.25%

Location Details


Investment Overview

Loan Amount $425,000
Net Interest Rate 8.25%
Lien Position 1st Trust Deed
Term I/O due in 1 year
Purchase Price $500,000
As-is Value $500,000
LTV (As Is) 85.00%
Type of Loan Fix & Flip
Transaction Type Purchase
Occupancy Investment Property

Documents

Appraisal
BPO
Appraisal Review
MLS Listing - Before (Click to Download)
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.