Laguna Beach, CA

This loan is a second deed of trust on an ocean-view single-family residence in Emerald Bay, Laguna Beach, CA. Located along the coastline of South Orange County, Laguna Beach is known for its scenic beaches, dramatic coastal bluffs, vibrant arts community, and luxury residential neighborhoods. Emerald Bay is one of the area's most exclusive guard-gated communities, offering private beach access, panoramic ocean views, and resort-style amenities. Its desirable coastal setting, limited housing inventory, and proximity to Newport Beach and other Orange County communities contribute to its residential appeal. The subject property, located at 1409 Emerald Bay, is a two-story, traditional-style residence situated on an approximately 8,536-square-foot lot. Originally constructed in 1962, the home contains approximately 4,135 square feet of living area and features four bedrooms, four full bathrooms, and one-half bathroom. A separate 264-square-foot guest unit provides an additional bedroom and full bathroom. The residence features elevated Pacific Ocean views, hardwood flooring, three fireplaces, a remodeled kitchen, updated bathrooms, central heating and air conditioning, and a two-car garage. Outdoor amenities include patios, decks, and a covered porch. Residents also enjoy access to Emerald Bay's private beach, clubhouse, swimming pool, spa, tennis courts, and recreational facilities. The property received an appraised market value of $12,100,000 as of September 8, 2026. The Borrower has owned the property since 2014. The existing first mortgage is held by PNC Bank, with a principal balance of approximately $2,966,000 and an interest rate of 2.25%. The purpose of the loan is to refinance an existing matured business-purpose second deed of trust and provide additional cash out for business working capital. The Borrower intends to repay the loan through refinancing or the sale of the property before maturity. The loan will have a maturity of 24 months.