This loan is a first deed of trust on a single-family residence in Los Angeles, CA. The subject is a 2-bedroom, 1-bathroom home with 759 square feet of living space on a 3,137 square foot lot. The Borrower acquired the property below market value through a distressed sale in 2009 and has since held it as rental. It currently generates $1,850 per month in rental income. In addition to the subject property, the Borrower owns two other rental properties on the same street, including the property next door to the subject. He uses the rental properties equity to assist with cash out for purchasing and renovating other investments. The Borrower is a very experienced real estate investor in the Los Angeles market who currently owns several rental properties and has completed numerous fix & flip and construction transactions. Specifically, the Borrower owns six rental properties and has completed 16 flips in the past two years.
Net Yield to Investor
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.