349 Marble Arch Avenue, San Jose, CA 95136, USA
Investment Summary
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 San Jose, CA. This is a business purpose opportunity with owner-occupied component.
Overview
New 2nd Loan Amount: $250,000
AS-IS Value: $1,275,000
Term Requested: 3 year term
Purpose of Loan: Owner occupied business purpose loan for business expansion.
Exit Plan: Borrower will either pay off loan or refinance.
COE: To be approximately on 7/25/2022
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 | $250,000 |
| Net Interest Rate | 9.50% |
| Term | I/O due in 3 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 | $1,275,000 |
| ARV | |
| Rehab Needed |
| LTV (PP) | |
| LTV (As is) | 19.61% |
| LTV (ARV) |
Junior/Senior Financing
| Junior/Senior Financing | Yes |
| Type of Junior/Senior Financing | Junior |
| Junior/Senior Lien Position | 1st Trust Deed |
| Junior/Senior Loan Amount | $392,105 |
Borrower Information
| Credit Score | |
| Foreclosure | No |
| Bankruptcy |
| Closed Flips YTD | |
| Closed Flips Lifetime | |
| Investment Properties Owned |
Property Information
| Property Type | Condo |
| Number of Units | 1 |
| Bedrooms / Bathrooms | 3/2.5 |
| Building Sq. Ft. | 2,099 |
Automated Values
| Zillow | $1,295,400 |
| Trulia | $1,295,400 |
| Redfin | $1,256,512 |
| Bank of America |
Property Attributes
| On a Busy Street |
No |
| Near Train Tracks |
No |
| Near Freeway |
No |
| Suburban or Rural |
Suburban |
BSF
| Interest Rate | 10.99% |
| Broker Service Fee | 1.49 % |
| Net Rate | 9.50% |
Location Details
Investment Overview
| Loan Amount | $250,000 |
| Net Interest Rate | 9.50% |
| Lien Position | 2nd Trust Deed |
| Term | I/O due in 3 years |
| Purchase Price | |
| As-is Value | $1,275,000 |
| LTV (As Is) | 19.61% |
| 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 | (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.