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Loan Number:220023

FULL! First Trust Deed on a income producing Carwash located in Hesperia, CA!

More Information:


Loan Document

INVESTMENT DETAILS



This loan is a first deed of trust on a carwash in Hesperia, CA. The subject consists of 3 parcels with 4,500 square feet of gross building area on a 27,007 square foot lot and includes 18 parking spaces. The retail portion of the structure contains the reception area, offices, and restrooms. The Borrower purchased the property in September 2019 under market for $650,000 and invested $207,000.00 in personal funds into a complete renovation of the entire property. The purpose of the loan is to refinance the current first, lower the interest rate, and provide cash out for the Borrower to use as capital to grow the business. During the course of the loan, the Borrower will be paying down the principal each month. Upon maturity, the business will be much more profitable, and the Borrower will refinance into a long-term conventional loan.

Minimum Investment

$25,000.00

Loan Amount

$400,000.00

Loan Term

60 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.