Escrow closed 8/14/17.
Napa, First Ave., CA 94558
New Refinance 1st Trust Deed Opportunity - 0.35 Acre - Rare Napa wine country Opportunity
Appraised Value: $730,000
New 1st Trust Deed: $480,000
Protective Equity: $250,000
Loan to Value: 65% Ltv
You NET: 10.5%
Term: 2 Years with 6-month pre pay
Rented for: $3,000
Borrower lives in the Bay Area and is a successful small business owner for the last 20 years. The family owns 2 other rental homes Our borrower is using the fund to pay off a current note that has come due. Our borrower is planning on selling this property within the next 18-20 months.
Details: Enjoy the Napa Luxury Wine lifestyle renters paradise with this well designed 15,200 sq. ft. Lot, with 1,009 sq. ft. of living area spread over 5 rooms with 3 bedrooms and 1 bathroom with a full kitchen, living room ,dining room and bonus room. The subject contains a large open patio area, covered porch, fence, 1 car car-port and 2 car driveway, and plenty of open area throughout.
New 1st Trust Deed: $480,000
Protective Equity: $250,000
Loan to Value: 65% Ltv
You NET: 10.5%
Term: 2 Years with 6-month pre pay
Rented for: $3,000
Borrower lives in the Bay Area and is a successful small business owner for the last 20 years. The family owns 2 other rental homes Our borrower is using the fund to pay off a current note that has come due. Our borrower is planning on selling this property within the next 18-20 months.
Details: Enjoy the Napa Luxury Wine lifestyle renters paradise with this well designed 15,200 sq. ft. Lot, with 1,009 sq. ft. of living area spread over 5 rooms with 3 bedrooms and 1 bathroom with a full kitchen, living room ,dining room and bonus room. The subject contains a large open patio area, covered porch, fence, 1 car car-port and 2 car driveway, and plenty of open area throughout.