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Loan Number:219262

FULL! First Deed of Trust on a High-end Single Family Residence located in Newport Beach, CA!

More Information:


Loan Document

INVESTMENT DETAILS



This loan is a first deed of trust on a single-family residence in Newport Beach, CA. The subject contains 4,230 square feet of living space on a 9,546 square foot lot. This high-end Mediterranean style home features 5-bedrooms, 6-bathrooms, with a pool and a slide! The property is located in a community known as “Dover Shores”. Dover Shores is one of the most premier neighborhoods in Newport Beach with large luxury homes that can offer stunning bay front views, nestled against the famous Newport Beach Back Bay Preserve. The property was completely torn down and rebuilt with the highest quality materials and craftsmanship in 2005 with no expense spared. The main floor offers a master suite and opulent master bath of custom marble, elegant cabinetry, seamless glass shower and jetted tub. The Chef's kitchen features marble, a center island breakfast bar, stainless appliances, custom cabinetry and dining nook. The resort style backyard oasis offers a pool with waterfalls, a grotto, and an inviting cabana with mahogany disappearing doors, heated floors, a fireplace and full bathroom. In addition to a bonus/game room and media center that can be turned into a home theatre. The Borrower is purchasing the property as an investment and will be renting it out. The markets high demanding rents and popular vacation rental market demands make the subject property an ideal income investment property. The Borrower is the Managing Partner of CBD company located here in Southern California; who additionally owns over 1,600 hemp acres in the Central Valley. She has strong financials making approximately $41,000 in income per month, and a substantial savings account.

Minimum Investment

$100,000.00

Loan Amount

$2,096,500.00

Loan Term

24 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.