Current Investments
Below is the list of current Trust Deed Investments available through NorCal Capital Management. To get a more detailed look at the investment, simply click on the "Details" button below any Investment Summary. If you're interested in receiving more information on how to invest in one of these opportunities, call John Taylor at 925-827-1111. You can also Join Our List and receive emails with these Investment Summaries the moment they become available.
3763 39th Ave, Oakland CA 94617
| Investment Type |
Fix/Flip |
|
|
|
| Loan Amount |
$69,000 |
Loan Term |
6 months
|
| Interest Rate |
11% |
Monthly Payment |
$632.50 |
| LTV |
60% Based on Purchase
|
ROI |
11% |
This is a traditional hard money purchase with an excellent risk profile. The loan amount is only 60% of the purchase price (and current value), and only 23% of the home's after-repair value. The borrower has already closed on a 1st/2nd combo loan for this project and NorCal is selling the 1st mortgage at par: 11% interest, paid monthly, with all interest payments currently impounded for the full six month term (NorCal charges a 1% Servicing Fee, hence the 11% net return. You may choose to service the loan yourself) . The concurrent 2nd mortgage covers the $52K rehab budget on the property and repairs should be completed within six weeks. The house is located in the corridor between the 580 and 13 Freeways, where properties are selling in an average of 32 days.
AVAILABLE DOCUMENTS: Purchase Contract, Construction Bid, Builders Control authorization, Loan Application (Form 1003), Asset Statements, Credit Report, Title Report, Appraisal, CMA, Property Inspection
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6845 Bristol Dr., Oakland CA 94706
| Investment Type |
Rehab |
|
|
|
| Loan Amount |
$466,000 |
Loan Term |
6 months
|
| Interest Rate |
11% |
Monthly Payment |
$4,271.67 |
| LTV |
62.9% |
ROI |
36.91% Projected |
Details
