Invest in a solid property - 10% Return + 2 points - Irvine, CA

[Steve S.]

Overview:

A great client of mine with 700+  credit, he makes $300,000+ a year as a consultant, needs a private money 2nd mortgage in the amount of $50,000 on a property he just refinanced. The property was just appraised for $855,000. Him and his partner bought in January, they fixed it up, and now he is buying his partner out of the equity. The first mortgage is only for $607,500. With the $50,000 new 2nd mortgage the total borrowed will only be $657,500. He needs the money in order to fully buy his partner out as his funds have been sunk into this property and another investment property of his.

Opportunity:

We are looking for a simple $50,000 2nd mortgage at a 10% standard interest only rate for a time period of 6 months. The NOTE will be drafted for a full 8 months just to make sure everything runs smoothly. We will be refinancing him in the spring within the next 6 months, so your money will only be lent out for a little while. You will be receive 2% up front (2 points) and the receive 10% per annum broken down into equal interest only payments. This is a very sound and simple investment that I feel is a great way to make a great return while mitigating your risk.

Highlights of Transaction:

Loan Amount: $50,000

Position: 2nd mortgage securitized by Deed of Trust and Promissory Note

1st Loan: 30 year fixed

This is such a great way to get started in real estate investing, making money, and enjoying a much better ROI than other simple investments.

This property is located in Irvine, California in Orange County just south of Los Angeles. Call us for more details at 310-948-8585 or email me at [email protected]