Previous successful Mortgage Vintage borrower and experienced real estate investor sought a business purpose 1st Trust Deed on this investment property in Santa Ana. Borrower owns multiple multi-family investment properties in and around Santa Ana in Orange County.

Subject Property is a single-story, 4 BR / 2 BA bungalow style SFR in Santa Ana, CA.  The home has 1,400 sf of living space and is situated on 5,280 sf lot.  Property features bonus room, eat-in kitchen, back yard and fruit trees.  This home is in a well established neighborhood and is conveniently located to all public services including: schools, shopping centers, banks, restaurants, places of worship, parks and medical offices.  Current rental income is $4,500

What we like about this Trust Deed opportunity:

  • Previous successful MVI borrower
  • Borrower is an experienced real estate investor, rehabber and flipper
  • Recent BPO valuation of $880k
  • Rental Income of $4,500
  • 40.34% LTV

$355,000 1st TD @ 10.00%, 40.34% LTV, SFR, NOO, CO, 24 mo. term, $35,500 Min Inv., Santa Ana, CA