This loan is a first deed of trust on a Single-Family Residence located in Pasadena, CA, for an experienced repeat client. This 1,724 square foot house sits on an 8,917 square foot lot and features two bedrooms and two bathrooms. The Borrowers purchased the property in March of 2018, and have been getting the necessary permits and approvals to add an additional 1,700 square foot second story. Once completed, the home will be four bedrooms, five bathrooms, and a total of 3,400 square feet! This loan will provide a purchase money refinance as well as a rehab holdback for the renovations in the amount of $600,000. The renovations will be disbursed by a third party fund control company on a reimbursement basis with an after repair value of $2,200,000!
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.