Trust Deed Investments For Sale
When you commit to an investment, an Assignment of Deed of Trust is recorded with the county in your name or vesting (can be a self directed IRA, as husband and wife, etc.). You are then the owner of that portion of the lien. Most investments will be fractionalized, meaning you will own a percentage of the total loan to the borrower.
Reach out to garret@secondsourceincome.com for all questions and inquiries, investments are sold on a first come basis. More information on each investment is provided via email.
*$160,000 available, $80,000 minimum investment. 12% interest rate*
Loan Amount: $1,000,000, 1st TD, Appraised Value: $2,400,000, CLTV: 41.66%, Interest Rate: 12%, Guaranteed Interest: 6 months, Term: 2 years
The borrower is refinancing her leased Cannabis Cultivation site located in California City. Our loan has successfully paid off the existing $800,000 loan and provided additional cash to fund an upgrade to the property's power supply, for which the borrower has already secured a finalized permit with Edison. The property is currently leased for $35,000 per month, with the tenant planning to add 10 more greenhouses following the completion of the power upgrade. The borrower has an excellent credit profile and has maintained a flawless payment history on her previous loan for several years. Additionally, a second trust deed in the amount of $120,000 subordinated to our loan at closing.
*SOLD OUT. 11.5% interest rate*
Loan Amount: $65,000, 1st TD: $280,000, @ 3.625%, CLTV: 73%, ARV: ~65%, Interest Rate: 11.5%, Prepaid Interest: 12 months, Guaranteed Interest: 6 months, Term: 2 years
The borrower is refinancing the subject rental property for cash out to make cosmetic repairs and property management. Though the cash out is not being held in a fund control, the ARV after the repairs will bring the property closer to 65% CLTV. The borrower has great credit and the loan comes with a year of prepaid interest. The lease on the property is bringing in $2,400 of monthly income.
*SOLD OUT. 10% interest rate*
Loan Amount: $473,000, 1st TD Appraised Value: $728,000, LTV: 65%, Interest Rate: 10%, Prepaid Interest: 3 months, Guaranteed Interest: 6 months, Term: 2 years
The borrower is refinancing her rental property to pay off her existing matured loan. The rent is $5,000 a month and the lease was just renewed.
*SOLD OUT. 10% interest rate*
Loan Amount: $300,000 1st TD: $746,000 @ 3.125% CLTV: 59% Interest Rate: 10% Prepaid Interest: 6 months Guaranteed Interest: 6 months Term: 2 years
The borrower is an attorney paying off her matured 2nd TD on the subject property. The original 2nd TD was used to increase office space at her law firm which she is a partner of. The property is owner occupied and recently had a complete remodel with a second story being added and additional 1200 SQFT to the original property. The borrower has great credit and is current on her 1st TD.
*SOLD OUT. 12% interest rate*
Our 2nd TD Loan Amount: $100,000, 1st TD: $298,000 @ 3.5% interest, Appraised Value: $625,000, CLTV: 63%, Interest Rate: 12%, Prepaid interest: 6 months, Guaranteed Interest: 6 months, Term: 2 years
The borrowers are refinancing their owner-occupied single family residence for cash out for their trucking business. The borrowers have fair credit and the loan comes with 6 months prepaid interest.
PO Box 920471, Sylmar, CA
PO Box 920471, Sylmar, CA