21820 Burbank Blvd. #250, Woodland Hills, CA 91367

818.707.3452

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Investments

San Jose, 4-Unit, Strong Borrower, 11.25% interest!

Availability:

SOLD OUT

Address:

1102-1106 Lick Ave., San Jose, CA 95110

Property Type:

Multi-Property 4 Unit

LTV:

58%

Occupancy:

Non-owner occupied

Loan Amount:

$525,000

Investor Yield:

11.25%

Appraised Value:

$1,900,000

Term:

2 years

Comments:

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Summary Information:

The borrower is requesting a loan of $525,000 to pay off his matured 2nd TD on his 4 unit parcel. The subject property is 4 units and generating $9,400 of monthly income. The main structure is 1,255 SQFT, ADU is 1,940 SQFT, and the Duplex is 1,436 SQFT.  The borrower has good credit, 400k of reserves, and a strong schedule of real estate.

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