Loan Amount $349,000 Appraised Value $960,000 Loan to Value 36% Investor Yield 10%

New 1st Trust Deed Opportunity

Loan Amount          $349,000       
Appraised Value     $960,000       
Loan to Value          36%
Protective Equity    $611,000      
Property Type        33 Unit RV Park w/ Owners Owning 24 (now) Huge Income
Occupancy                  Non-Owner Invest
Investor Yield          10.00% 
Loan Term              2Year(0 due 2)
*2 Appraisal Complete 8/13/24, 6 Month Pre-Pay Penalty Included
DETAILS:
NEW 1st TRUST DEED OPPORTUNITY
NEW REFINANCE 33 UNIT APPROVED MANUFACTURED HOME PARK- THE BORROWERS/OWNERS OWN  24 FULLY RENTED HOUSES - ALL FOR COLLATERAL- BORROWERS ALSO HAVE 7 ADDITIONAL HOMES NOT RENTED YET ON PARCEL WITH 1 DETACHED SFR'S & GUEST HOUSE RENTED - TOTAL FULL RENTS $7,681 PER MONTH CURRENTLY. - 36% LOAN TO VALUE, NARROWS, VIRGINIA. Borrower is a successful small business owner for the last 18 years. The family also owns 4 homes and a similar multifamily property locally. RARE 10.0% YIELD FOR LOW LOAN TO VALUE, NEW 1ST WITH UCC ON ALL HOMES AND ALL LOTS WOW WOW AMAZING SECURITY AND INCOME!



BONUS: Trust Deed STATE + Large Flat Usable 15 Acre Lot (see pics)
 

Fund directly into the insuring title company with 125% ALTA policy. 
Your vesting on Note and Deed of Trust.


 Real Estate notes: Residential, Commercial, Apartments, 1st & 2nd Notes. All Mortgage Notes are Secured with 125% Title Insurance.

 

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