PenCap Monterey Logo
VIEW AVAILABLE DEALS : Northern Cal | Central Cal | Southern Cal | View All












Short Sale Purchase

Single Family Residence
Big Bear (San Bernardino,CA)



Investment -------- 1st Trust Deed
Loan Amount -------$150,000
Appraised Value --- $311,000
Loan-to-Value ------48%
Protective Equity -- $161,000
Investor Yield ------12.50%
Property ----___----Single Family
Occupancy -----__-- Non-Owner
Term -----_______--2 year interest only

Appraised Value $311,000 - Purchase Price $215,000
Fund directly into insuring Title Company
Your vesting on note and deed of trust




Comments
Appraisal 9/23/2010
The property is located approximately 1 mile from the
Big Bear Lake.

Our borrower is purchasing this home for almost
$100,000 below the appraised value. Similar properties
generate about $1,850/month in rental income.

Per Appraiser: This property offers 1,449 sq. ft. of living
space featuring 2 bedrooms, 2 baths, a large deck and
2 car garage on a 5,640 sq. ft. lot.




Options
Available as multi-beneficiary (partial interest portions) or wholenote purchase (own entire note).
Examples of scheduled investor returns:
$50,000 partial interest - scheduled monthly income: $524
$100,000 partial interest - scheduled monthly income: $1,049
$150,000 whole note - scheduled monthly income: $1,573
Available to California investors or all qualified investors.