Antelope Valley, California Funded Private Equity Loan
Property Type: Single Family Residence
Lien Position: 1st Trust Deed
Loan Amount: $147,000.00
Appraised Value: $215,000.00
Loan Rate: 10.99%
Loan Type: Business Purpose
Occupancy: Non-Owner Occupancy
Term: “24” Months Interest Only
Antelope Valley, California – Our client, owns a house in Palmdale that is free and clear. She has been offered a very good business opportunity to buy into an ongoing business in Lancaster, California that she wishes to invest in and where she will become a part owner in the business. She will become a partner in the business under an arrangement that will allow her to keep her current job, where she works in a logistics support position.
Her job pays her approximately $3,500.00 per month which will provide her ample income to make the monthly mortgage payments on the $90,000.00 mortgage until she begins receiving monthly profits from her new business investment.
The Borrower has made major upgrades to the interior of her home, where she has upgraded the kitchen, bathroom in addition to general upgrades to the entire interior of the house. She has also installed a new roof and completely upgraded both the plumbing and electrical systems in the house in Antelope Valley, California.
She intends to landscape the exterior to the property in the near future.
We can provide all necessary documentation relating to the business she is investing in to fully document the used of the net proceeds to our client.
We believe that the loan has many strong points. The LTV for the loan is only 51%. The Borrower has a good job where she earns sufficient income. The property is located in an area where property values are increasing. There have been many upgrades made to the subject property. The Trust Deed Investment has a good rate of return with very little risk
The plan of payback is to either refinance the loan or sell the property prior to the maturity date of the loan.
18034 Ventura Blvd Suite 244
Encino, California 91316