Woodland Hills SFR - Construction

Woodland Hills SFR - Construction

Property Address

22119 Martinez St, Woodland Hills, CA 91364
  • Loan Number: 7944K
  • APN: 2169-022-008
  • County: Los Angeles
  • Appraised Value: $1,690,000 (as-completed)
  • Loan Amount: $1,100,000
  • Loan Position: 1st
  • Interest: 10.5%
  • LTV (Loan to Value): 65%

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Specifics

SUBJECT PROPERTY: 22119 Martinez St, Woodland Hills, CA 91364
APN: 2169-022-008
New SFR construction; 4-bed/4-bath; 3400 sq ft w/4-car attached garage on an 11,459 sq ft lot
AS-COMPLETED APPRAISED VALUE: $1,690,000
LOAN AMOUNT: $1,100,000.00
POSITION: 1st
INTEREST: 10.5%
TERM: 18 mos
LTV: 65% of the completed value

There is a late charge of 10% of the monthly payment (after 10 days)
This loan is interest-only
This loan does not include a pre-payment penalty

SPECIFICS:  We are providing funds in the amount of $185,000 towards the $370,000 lot purchase, and additional funds are earmarked for construction of an already-permitted custom SFR. The borrower is an experienced real estate investor with a 628 Experian score, and has already deposited his $185,000 down payment and all closing costs w/escrow. We have worked with the builder on seven previous successful projects.

We are accepting minimum investments of $100,000 on this trust deed opportunity.