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Purchase
1819 W Houston Ave
Fullerton, California 92833
The seller and the buyer have a long-standing friendship.The borrower's primary business is in life insurance. The borrower provided information about older adults selling undervalued properties to the seller, which made the seller wealthy. In this case, the seller helps the buyer in making a profit from appreciation upon resale 2-3 years later.
Loan TypePurchase
Property TypeMultifamily 5+ Units
Appraisal Value$ 6,000,000
Requested Loan Amount$ 3,000,000
Loan to Value (LTV)50%
Interest RateLender's Choice
Loan Term2 Years
OccupancyIn Escrow
Created AtJan 5, 2025, 2:26 AM
Updated AtJan 6, 2025, 5:25 PM
Loan purpose
The borrower seek a $3,000,000 1st TD loan to provide full security for your private investors. https://www.apartments.com/1819-w-houston-ave-fullerton-ca/5tt6g0p/ We consider owner financing to be the same as a down payment as long as the appraisal value is acceptable and ensure and guarantee your investors' money is safe and secure. All the numbers look good for investment, and the first trust deed loan-to-value ratio is low at 50%, providing a secure investment opportunity.
Exit plan
The borrower anticipates a minimum profit of $1 million after the sale in 2 to 3 years. The seller will take over if any payment issues arise. The seller bought the property for $4,835,000 on 11/12/2021 and spent an additional $500,000 on renovations.