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 Land located in Corona, CA. This is a business purpose opportunity with a no owner-occupied component.
Overview
New 1st Loan Amount: $315,0000
Security: Corona Land Purchase for $630,000 AS-IS Value: $600,000
Term Requested: 12 month term
Purpose of Loan: Corona property with 50% down
Rehab Amount: N/A
ARV: N/A
Exit Plan: Once ready to construct, will get a construction loan to pay off the loan.
COE: To be approximately on 5/21/2021
Min Investment: Fractional offers will be considered with a minimum investment of $55,000.
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 | $315,000 |
Net Interest Rate | 9.50% |
Term | I/O due in 1 year |
Type of Transaction | Residential |
Type of Loan | Bridge |
Transaction Type | Purchase |
Occupancy | Investment Property |
Purchase Price | $630,000 |
As-is Value | $600,000 |
ARV | |
Rehab Needed |
LTV (PP) | 50.00% |
LTV (As is) | 52.50% |
LTV (ARV) |
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 | Land |
Number of Units |
Bedrooms / Bathrooms | |
Building Sq. Ft. |
Zillow | $650,000 |
Trulia |
Redfin | $584,970 |
Bank of America |
On a Busy Street |
No |
Near Train Tracks |
No |
Near Freeway |
No |
Suburban or Rural |
Suburban |
Interest Rate | 10.99% |
Broker Service Fee | 1.49 % |
Net Rate | 9.50% |
Loan Amount | $315,000 |
Net Interest Rate | 9.50% |
Lien Position | 1st Trust Deed |
Term | I/O due in 1 year |
Purchase Price | $630,000 |
As-is Value | $600,000 |
LTV (As Is) | 52.50% |
Type of Loan | Bridge |
Transaction Type | Purchase |
Occupancy | Investment Property |
Appraisal | |
BPO | (Click to Download) |
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.