Escrow closed 12/21/18.
Los Altos Hills, OKeefe, CA 94022
New 2nd Trust Deed Opportunity -- Refinance Newer Updated Luxury Single Family Rental Home Huge Parcel--
World Famous Top 10 Zip Code Los Altos Hills, CA
** New Refinance Newer Luxury 5,634 sq ft Rental Home Estate + LOW 48% CLTV + Newer Luxury Rental Home Estate Huge Rental Income + Strong Borrower** Appraised Value: $6,050,000
New 2nd Trust Deed: $250,000 (1st Td $2,693,000 5.0%)
Protective Equity: $3,107,000
Loan to Value: 48% Ltv
You NET: 11.00%
Term 2 Years with a 6 month Pre Pay
6-month interest PREPAID at escrow
Rented For $14,000 per Month
Borrower Credit: 630 Fico
Borrower is a successful Small Business Owner for last 19 years. The family owns 2 another 2 rental homes locally.
** New Refinance Newer Luxury 5,634 sq ft Rental Home Estate + LOW 48% CLTV + Newer Luxury Rental Home Estate Huge Rental Income + Strong Borrower** Appraised Value: $6,050,000
New 2nd Trust Deed: $250,000 (1st Td $2,693,000 5.0%)
Protective Equity: $3,107,000
Loan to Value: 48% Ltv
You NET: 11.00%
Term 2 Years with a 6 month Pre Pay
6-month interest PREPAID at escrow
Rented For $14,000 per Month
Borrower Credit: 630 Fico
Borrower is a successful Small Business Owner for last 19 years. The family owns 2 another 2 rental homes locally.