219 Via San Andreas, San Clemente, CA 92672, USA
Investment Summary
Dear Trust Deed Investors,
Premier Money Source, Inc. is pleased to present the following Trust Deed Opportunity for your consideration. This purchase first trust deed is a Fix & Flip. Property is located in San Clemente and we plan on closing it on 11.18.2020. The borrower’s exit plan is to sell the property. Fractional investments will be considered with a minimum investment of $95,000.
If you have interest in this investment opportunity, please contact Duane Wellhoefer at 949.246.1992 or email Duane@premiermoneysource.com.
Thank you in advance for your consideration.
Loan Details
| Lien Position | 1st Trust Deed |
| Loan Amount | $550,000 |
| Net Interest Rate | 7.99% |
| Term | I/O due in 1 year |
| Type of Transaction | Residential |
| Type of Loan | Fix & Flip |
| Transaction Type | Purchase |
| Occupancy | Investment Property |
Purchase Information
| Purchase Price | $1,068,000 |
| As-is Value | $999,000 |
| ARV | $1,400,000 |
| Rehab Needed | $125,000 |
| LTV (PP) | 51.50% |
| LTV (As is) | 55.06% |
| LTV (ARV) | 39.29% |
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 | 4/2 |
| Building Sq. Ft. | 1,497 |
Automated Values
| Zillow | $1,050,003 |
| Trulia | $ |
| Redfin | $1,050,875 |
| Bank of America |
Property Attributes
| On a Busy Street |
No |
| Near Train Tracks |
No |
| Near Freeway |
No |
| Suburban or Rural |
Suburban |
BSF
| Interest Rate | 8.50% |
| Broker Service Fee | 0.51 % |
| Net Rate | 7.99% |
Location Details
Investment Overview
| Loan Amount | $550,000 |
| Net Interest Rate | 7.99% |
| Lien Position | 1st Trust Deed |
| Term | I/O due in 1 year |
| Purchase Price | $1,068,000 |
| As-is Value | $999,000 |
| LTV (As Is) | 55.06% |
| Type of Loan | Fix & Flip |
| Transaction Type | Purchase |
| Occupancy | Investment Property |
Documents
| Appraisal | |
| BPO | (Click to Download) |
| Appraisal Review |
| MLS Listing - Before | (Click to Download) |
| MLS Listing - After | (Click to Download) |
| Comps |
Have a Question ?
If you have a question about the transaction process general inquiry, Premier Money Source will be happy to help.