7965 Licorice Way, San Bernardino, 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 an investment property located in Fontana, CA.  This is a business purpose opportunity with no owner-occupied component.  There will be 2 additional properties that will be encumbered with this loan.

1306 Marion Dr., Bakersfield, CA 93302 – we will be in 1st position and the current value is $115,000

733 Jefferson St., Bakersfield, CA 93305 – we will be in 2nd position and the current value is $185,000

You can view the BPO on all 3 properties below.

 

Overview

New 1st Loan Amount:   $408,000

Net Interest Rate:            8.25%

Security:                            Fontana  Purchase for $480,000                                                  Value:   $510,000

Marion, Bakersfield Cross Collateral (In 1st position)               Value:   $115,000

Jefferson, Bakersfield Cross Collateral (In 2nd position)         Value:  $185,000

Term Requested:            12 month term

Purpose of Loan:            Purchase Fontana property with 15% down.  Using the 2 Bakersfield properties as collateral.

Exit Plan:                         Buy and Hold and refinance after 1 year.

COE:                                 To be approximately on 10.16.2018

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 10-12 Months
Investment Availability

Closed to Lenders

Youtube Link

Loan Details

Lien Position 1st Trust Deed
Loan Amount $408,000
Net Interest Rate 8.25%
Term I/O due in 1 year
Type of Transaction Residential
Type of Loan Commercial / Multi Family
Transaction Type Purchase
Occupancy Investment Property

Purchase Information

Purchase Price $480,000
As-is Value $510,000
ARV $510,000
Rehab Needed $0
LTV (PP) 85.00%
LTV (As is) 80.00%
LTV (ARV) 80.00%

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 4/3
Building Sq. Ft. 2,414

Automated Values

Zillow $495,807
Trulia $0
Redfin $494,576
Bank of America $451,851 - $527,612

Property Attributes

On a Busy Street

No

Near Train Tracks

No

Near Freeway

No

Suburban or Rural

Suburban

BSF

Interest Rate 9.99%
Broker Service Fee 1.74 %
Net Rate 8.25%

Location Details


Investment Overview

Loan Amount $408,000
Net Interest Rate 8.25%
Lien Position 1st Trust Deed
Term I/O due in 1 year
Purchase Price $480,000
As-is Value $510,000
LTV (As Is) 80.00%
Type of Loan Commercial / Multi Family
Transaction Type Purchase
Occupancy Investment Property

Documents

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.