Location Poway, CA
Property Type Single Family Residence
Loan Amount $1,600,000
Appraised Value $3,200,000
Protective Equity $1,600,000
Presenting a lucrative trust deed on a beautiful estate type property located in Poway. This fully improved property has amenities that include a tennis court, infinity pool with gorgeous views, an enclosed outdoor patio, fire pit, koi pond, spa and even a putting green. The loan proceeds were used in the borrower’s business.
The “As Is” appraised value of the property as of December 18, 2012 was $3,200,000, resulting in a 50% protective equity cushion for the trust deed investor. At a 50% Loan-to-Value and an 8% return to the trust deed investor, this is a highly attractive trust deed investment opportunity.
Wilshire Finance Partners offers comprehensive loan servicing.
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