329 and 331 West 121st Street, Los Angeles, CA 90061, 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 purchase first trust deed against a Buy and Hold property located in Los Angeles, CA. This is a business purpose opportunity with a no owner-occupied component.
Overview
New 1st Loan Amount: $200,000
AS-IS Value: $475,000
Term Requested: 3 year term
Purpose of Loan: Funds will be used to update and rehab the property and to acquire additional investment property.
COE: To be approximately on 11.14.2019
Min Investment: Fractional offers will be considered with a minimum investment of $50,000.
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.
Loan Details
| Lien Position | 1st Trust Deed |
| Loan Amount | $200,000 |
| Net Interest Rate | 8.25% |
| Term | 40/3 Year |
| Type of Transaction | Residential |
| Type of Loan | Rental |
| Transaction Type | Refinance C/O |
| Occupancy | Investment Property |
Purchase Information
| Purchase Price | $ |
| As-is Value | $475,000 |
| ARV | |
| Rehab Needed |
| LTV (PP) | |
| LTV (As is) | 42.11% |
| 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 | 2-4 Units |
| Number of Units | 2 |
| Bedrooms / Bathrooms | 4/3 |
| Building Sq. Ft. | 2,138 |
Automated Values
| Zillow | $553,485 |
| Trulia | $581,784 |
| Redfin | |
| Bank of America |
Property Attributes
| On a Busy Street |
No |
| Near Train Tracks |
No |
| Near Freeway |
No |
| Suburban or Rural |
Suburban |
BSF
| Interest Rate | 10.25% |
| Broker Service Fee | 2 % |
| Net Rate | 8.25% |
Location Details
Investment Overview
| Loan Amount | $200,000 |
| Net Interest Rate | 8.25% |
| Lien Position | 1st Trust Deed |
| Term | 40/3 Year |
| Purchase Price | $ |
| As-is Value | $475,000 |
| LTV (As Is) | 42.11% |
| Type of Loan | Rental |
| Transaction Type | Refinance C/O |
| Occupancy | Investment Property |
Documents
| Appraisal | (Click to Download) |
| BPO | |
| Appraisal Review |
| MLS Listing - Before | |
| 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.