This loan is a first deed of trust on a view home in Los Angeles, CA. The home is a probate sale which is ready to close and will undergo a complete remodel including interior, exterior, permit approved and pool ready! The Borrower is a repeat client of SO-CAL’s and will be purchasing the property to remodel and resale as an investment. The home consists of 3 bedrooms and 3 bathrooms, 2,869 sq. ft. of living space, on a large 7,894 sq. ft. view lot! Originally built in 1949 the home boasts the mid-century charm which has become every popular once again. With city light views, the View Park neighborhood is known for its location and never-ending Los Angeles City views! The home’s endless potential is just what this experienced Borrower is looking for after completing and selling the home pictured below in a similar Los Angeles Neighborhood for a price of $1,380,356! The loan will provide purchase money as well as a rehab holdback for the renovations in the amount of $220,000. With these views, a low LTV, and an experienced Borrower, you can’t go wrong with this southern California Property!
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.