This loan is a first deed of trust on a lot in Canyon Country, Los Angeles County, CA. The site is a total of 109,477 square feet or 2.5 acres with a fence around the entire property line giving complete privacy to the owners. Canyon country is a community and district within the city of Santa Clarita. Santa Clarita offers the ultimate Southern California lifestyle with endless opportunities to get outdoors and enjoy the sunshine while biking, running, hiking, and swimming, in addition to being just 30 minutes north of downtown Los Angeles. The subject property consists of two-level pads. The lower level is vacant and has a dirt driveway to the upper pad. The top pad has a newly constructed SFR that is approximately 20% complete, including new electric. There is also a septic tank on-site and an above ground water storage tank. The Borrower purchased the subject in 2018 for $300,000 and has invested $38,600 of his funds into the construction to date as an owner-builder. The purpose of the loan is a straight rate and term refinance as his current loan is coming due. Upon maturity of our loan, he will refinance with a conventional lender and hold the asset long term.
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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.