$220,000 2nd TD @12.50%, 29.31% CLTV, 28.52% Net CLTV, Cash-Out, OO, SFR, 24 Mos. Term, 6 Mos. Guar. Int., 3 Mos. Prep. Int., $55k min inv., La Puente CA

La Puente CA 91745 , Los Angeles , Los Angeles

Overview Management Financial Property Map Photos Documents Questions

Overview

1. Loan Purpose

The borrower is seeking a $220,000 business-purpose cash-out loan secured by a second trust deed on a residential property located in Hacienda Heights, California. Proceeds are intended to fund real estate investment opportunities in Ecuador through the borrowers Aca Investments entity, including the acquisition, improvement, repositioning, and resale of investment properties.

The loan is structured as business-purpose financing and is collateralized by the subject property. Loan proceeds are expected to provide liquidity for investment-related activities rather than consumer or owner-occupant purposes.

2. Property Description

The collateral securing the loan is a single-family residence located at 2403 Kiska Ave., Hacienda Heights, California. The property consists of a one-story ranch-style home built in 1964 with approximately 1,782 square feet of living area situated on an approximately 9,413 square foot lot. Property features include updated kitchen and bathrooms, engineered wood flooring, an in-ground pool, attached two-car garage, and maintained landscaping.

The Broker Price Opinion indicates an As-Is 30-day quick sale value of approximately $1,010,000, which is the valuation basis used for leverage calculations.
The investment is secured in 2nd lien position behind an existing estimated first trust deed balance of approximately $76,000. The combined loan exposure after funding is expected to total approximately $296,000, resulting in a Combined Loan-to-Value ratio of approximately 29.31% based on the As-Is valuation.The property is zoned single-family residential and appears to be in generally good condition with only minor deferred maintenance.

3. Investment Summary

This offering consists of 4 fractional interests of $55,000 in a $220,000 second trust deed loan secured by the subject property in Hacienda Heights, California. Investors will participate on a pro-rata basis in the underlying promissory note and deed of trust. Interest payments will be allocated proportionally among investors according to their ownership percentage in the loan.
Key loan terms include:
·         Loan Amount: $220,000
·         Lien Position: 2nd Trust Deed
·         Investor Rate: 12.50%
·         Loan Term: 24 months
·         Payment Structure: Interest-only payments with balloon payment at maturity
·         Monthly Payment: Approximately $2,291.67
·         Guaranteed Interest: 6 months
·         Prepaid Interest: 3 months at closing
The transaction is structured with lender title insurance requirements, verification of business-purpose use of funds, and investor approval conditions prior to funding. Exit strategy is to pay off with investment proceeds or a conventional refinance loan.

4. What We Like

From a credit perspective, the transaction benefits from a relatively low combined leverage profile. Using the As-Is valuation of approximately $1.01 million, the projected CLTV of approximately 29.31% provides a substantial equity cushion beneath the trust deed investment.

The property is located within an established residential neighborhood in Hacienda Heights with demonstrated sales activity and stable market conditions. Comparable sales in the immediate area generally ranged from approximately $900,000 to over $1.2 million, supporting the indicated valuation range.

The collateral itself appears well maintained with several upgrades completed over the prior 6–10 years, including remodeled kitchen and bathrooms, updated flooring, and maintained exterior improvements.The transaction also benefits from a defined repayment structure with prepaid interest reserves and a relatively short 24-month term.

5. Possible Concerns

– 622 FICO

– Proceeds used for real estate investments in home country of Ecuador

Management

Mortgage Vintage, Inc. and CrowdTrustDeed are a fast and professional direct lender and trust deed investment providers specializing in bridge loans for real estate investors looking to capitalize on market and cash flow investment opportunities.

Mortgage Vintage, Inc. connects people who want to invest money secured by Real Estate with real estate investors and business professionals who want to borrow money. Specifically, we’re a Hard Money Lender placing private investment capital into Trust Deed Investments. Our mission is to provide the highest-quality Trust Deed Investment opportunities with service, communication, and transparency.

Mortgage Vintage, Inc. sells California Trust Deeds on the CrowdTrustDeed online marketplace platform. CrowdTrustDeed offers high-yield individual and fractional Trust Deed Investments throughout California. Investors looking to diversify their portfolios can achieve 8%—12% current income returns through these Trust Deed investments.