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Loan Number:219376

Second Deed of Trust on a high-end newly renovated Single Family Residence in Sherman Oaks, CA!

More Information:


Loan Document

INVESTMENT DETAILS



This loan is a second deed of trust on a single-family residence in Sherman Oaks, CA. The subject is a 5-bedroom 4-bath home with 3,350 square feet of living space on a 12,140 square foot lot. Sherman Oaks is a San Fernando Valley neighborhood that’s popular with families seeking suburban comforts. Bordered by busy freeways perfect for commuting, it features large shopping malls and a central commercial entertainment. The Borrowers purchased the home in 2018 for $1,215,000 and spent $620,119 completing a full remodel! The property renovations included adding square footage, a fully upgraded kitchen and bathrooms, smart home features, and exterior landscaping!

Minimum Investment

$25,000.00

Loan Amount

$370,000.00

Loan Term

12 months

Loan Interest Rate

11.00%

Loan Position

2nd Position

Net Yield to Investor

10.00%


Important Investment Disclosures:
Important investment disclosure. Your investment will be either directly or indirectly secured by real estate. You may receive a direct interest in a promissory note and deed of trust as a fractionalized interest as a tenant in common, as a single beneficiary, or, your investment may be in the form of a membership interest in a limited liability company formed for the specific purpose of funding a loan. Nothing in this announcement constitutes an offer to sell or a solicitation of an offer for investment. An offer is made only by the offering circular and material disclosure package. Past performance is not an indication of future results. We strongly recommend before making an investment decision that you thoroughly read the contents of the entire loan material disclosure package. You are encouraged to consult with your own tax and financial advisers before investing. Investments are NOT insured by any government agency and are NOT guaranteed. Investments offered through So-Cal Capital, Inc. are not liquid, not transferable, and involve substantial risk, including the possible loss of all principal.