833 Portwood Avenue, Oakland, CA 94601, 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 Oakland, CA.  This is a business purpose opportunity with no owner-occupied component.

 

Overview

New 1st Loan Amount:    $755,000

Net Interest Rate:             8.25%

Security:                             Oakland Purchase for $755,000                                Value:   $575,000

                                            Oakland Cross Collateral (In 1st position)                Value:   $1,050,000

Term Requested:             12 month term

Purpose of Loan:              Purchase Oakland property with 0 down.  Using Oakland property #2 as collateral.

Exit Plan:                           Once repaired and fully occupied, will refinance and take us out.

COE:                                   To be approximately on 8.16.2018

Min Investment:              Fractional offers will be considered with a minimum investment of $125,000.

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 $755,050
Net Interest Rate 8.25%
Term I/O due in 1 year
Type of Transaction Residential
Type of Loan Rental
Transaction Type Purchase
Occupancy Investment Property

Purchase Information

Purchase Price $755,050
As-is Value $1,596,300
ARV $1,800,000
Rehab Needed $30,000
LTV (PP) 100.00%
LTV (As is) 47.30%
LTV (ARV) 41.95%

Junior/Senior Financing

Junior/Senior Financing No
Type of Junior/Senior Financing
Junior/Senior Lien Position
Junior/Senior Loan Amount

Borrower Information

Credit Score 753
Foreclosure
Bankruptcy
Closed Flips YTD
Closed Flips Lifetime
Investment Properties Owned

Property Information

Property Type 2-4 Units
Number of Units 2
Bedrooms / Bathrooms 7/3.5
Building Sq. Ft. 5,625

Automated Values

Zillow $857,037
Trulia $0
Redfin $0
Bank of America $0

Property Attributes

On a Busy Street

No

Near Train Tracks

No

Near Freeway

Yes

Suburban or Rural

Suburban

BSF

Interest Rate 10.50%
Broker Service Fee 2.25 %
Net Rate 8.25%

Location Details


Investment Overview

Loan Amount $755,050
Net Interest Rate 8.25%
Lien Position 1st Trust Deed
Term I/O due in 1 year
Purchase Price $755,050
As-is Value $1,596,300
LTV (As Is) 47.30%
Type of Loan Rental
Transaction Type Purchase
Occupancy Investment Property

Documents

Appraisal (Click to Download)
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.