Escrow closed 8/13/18 Foreclosed 7/2019 ROI 16%
Oakland, Magnolia, CA 94608
Hot Bay Area Market No inventory
Right next to Emeryville border, blocks from Million Dollar Homes
* SUPER bonus: Vacant and sell easily
Appraised Value: $590,000
New 1st Trust Deed: $439,000
Protective Equity: $151,000
Loan to Value: 74%
You net: 11.0%
Term 2 Years with 6 month pre-pay
Fix and Sell
The borrower lives locally and is a successful Small Business Owner for the last 27 years. He is Trustee for his Family Real Estate Trust currently owning 2 rental homes and a land parcel in the Hot East Bay Area. The property will be updated slightly and put on the market for sale. The borrower is using the funds to payoff a current note that has come due and update the home for sale. Our borrower plans on selling this property within the next 8-12 months.
Right next to Emeryville border, blocks from Million Dollar Homes
* SUPER bonus: Vacant and sell easily
Appraised Value: $590,000
New 1st Trust Deed: $439,000
Protective Equity: $151,000
Loan to Value: 74%
You net: 11.0%
Term 2 Years with 6 month pre-pay
Fix and Sell
The borrower lives locally and is a successful Small Business Owner for the last 27 years. He is Trustee for his Family Real Estate Trust currently owning 2 rental homes and a land parcel in the Hot East Bay Area. The property will be updated slightly and put on the market for sale. The borrower is using the funds to payoff a current note that has come due and update the home for sale. Our borrower plans on selling this property within the next 8-12 months.