380 David Drive, Alamo, CA 94507, 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 a 2 year 1st TD refinance owner occupied. We plan on closing it on 9.20.2020. The borrower is planning on using this business loan to help re-capitalize his business after Covid 19. These funds will allow him to purchase new vehicle inventory while avoiding high interest flooring rates which tend to decrease profits. Fractional investments will be considered with a minimum investment of $95,000
If you have interest in this investment opportunity, please contact Duane Wellhoefer at 949.246.1992 or email Duane@premiermoneysource.com.
Thank you in advance for your consideration.
Loan Details
| Lien Position | 1st Trust Deed |
| Loan Amount | $530,000 |
| Net Interest Rate | 8.25% |
| 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 | $1,750,000 |
| ARV | |
| Rehab Needed |
| LTV (PP) | |
| LTV (As is) | 30.29% |
| LTV (ARV) |
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 | SFR |
| Number of Units | 1 |
| Bedrooms / Bathrooms | 4/4 |
| Building Sq. Ft. | 2,787 |
Automated Values
| Zillow | $1,817,590 |
| Trulia | $1,812,212 |
| Redfin | $1,886,141 |
| Bank of America |
Property Attributes
| On a Busy Street |
No |
| Near Train Tracks |
No |
| Near Freeway |
No |
| Suburban or Rural |
Suburban |
BSF
| Interest Rate | 8.99% |
| Broker Service Fee | 0.74 % |
| Net Rate | 8.25% |
Location Details
Investment Overview
| Loan Amount | $530,000 |
| Net Interest Rate | 8.25% |
| Lien Position | 1st Trust Deed |
| Term | I/O due in 2 years |
| Purchase Price | |
| As-is Value | $1,750,000 |
| LTV (As Is) | 30.29% |
| Type of Loan | O/O Business Purpose |
| Transaction Type | Refinance C/O |
| Occupancy | Primary Residence |
Documents
| Appraisal | |
| BPO | (Click to Download) |
| 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.