FALLBROOK 2ND TD 11% YIELD ONE YEAR TERM!
We just sold an $85,000 2nd Trust Deed for a beautiful upgraded horse property on two acres in Fallbrook, CA. The yield was 11.0% for 1 year, with 6 months interest guaranteed. The Executive Home was full of upgrades with a stunning yard, pool and guest house. This loan was very attractive because of the low loan-to-value 50%, the borrower’s strong credit and the quality of the neighborhood.
- Loan Request: $85,000
- Combined Loan to Value: 51%
- Rate: 10.5%
- Yield: 11.0%
- Type of Property: SFR
- Term: 1 year
- Interest Guaranty: 6 mos.
- Full Appraisal Value: $1,000,000
- Condition of Property: Excellent
- Rental Income: $4,500.00