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Loan Number:219215

First deed of trust in a new and upcoming neighborhood in San Diego, CA!

More Information:


Loan Document

INVESTMENT DETAILS



This loan is a first deed of trust on the purchase of a Single-Family Residence in San Diego, CA. The subject is a 2-bedroom, 1-bathroom home with 1,560 square feet of living space on a 7,618 square foot lot with 3 potential income-producing guest units and 10 parking spaces. The property is in the heart of a redevelopment district in one of San Diego's newest up and coming neighborhoods known as Logan Heights. The subject is zoned RM3-7, which allows for the potential development of up to 10 units! The subject is less than 2 miles from downtown San Diego, the Gaslamp Quarter, Petco Park, and the East Village. Additionally, the property falls within the "Opportunity Zone" meaning Investor's keep all appreciation on this purchase if they hold the property for at least 10 Years; Tax-Free Appreciation! The 2017 Tax Cuts and Jobs Act includes a new tax incentive provision intended to promote investment in distressed communities.

Minimum Investment

$50,000.00

Loan Amount

$525,000.00

Loan Term

24 months

Loan Interest Rate

8.50%

Loan Position

1st Position

Net Yield to Investor

8.00%


Important Investment Disclosures:
Important investment disclosure. Your investment will be either directly or indirectly secured by real estate. You may receive a direct interest in a promissory note and deed of trust as a fractionalized interest as a tenant in common, as a single beneficiary, or, your investment may be in the form of a membership interest in a limited liability company formed for the specific purpose of funding a loan. Nothing in this announcement constitutes an offer to sell or a solicitation of an offer for investment. An offer is made only by the offering circular and material disclosure package. Past performance is not an indication of future results. We strongly recommend before making an investment decision that you thoroughly read the contents of the entire loan material disclosure package. You are encouraged to consult with your own tax and financial advisers before investing. Investments are NOT insured by any government agency and are NOT guaranteed. Investments offered through So-Cal Capital, Inc. are not liquid, not transferable, and involve substantial risk, including the possible loss of all principal.