PenCap Monterey Logo

Refinance Cash-Out

Commercial / Industrial
Bakersfield (Kern County, CA)

Investment -------- 1st Trust Deed
Loan Amount -------$330,000
Appraised Value --- $594,000
Loan-to-Value ------55%
Protective Equity -- $264,000
Investor Yield ------12.5%
Property ----___----Office Warehouse
Occupancy -----__-- Non-Owner
Term -----_______--2 year interest only

Fund directly into insuring Title Company
Your vesting on note and deed of trust

Our borrower is doing a refinance cash-out of this strong income
producing property that is leased to a tow yard, auto repair and
business and a big-rig rental company.

The purpose is to pay off the 1st loan amount of $212,000 and use the proceeds to fix-up several properties he owns in Sun Valley, CA.

Per Appraiser: This property offers 9,200 sq. ft. of rentable
space, consisting of a 2,000 sq. ft. offie and 7200 sf. Ft. warehouse. The property sits on a 144,000 sq. ft. lot.

Available as multi-beneficiary (partial interest portions)
or whole-note purchase (own entire note).

Examples of scheduled Investor returns:
$75,000 partial interest - scheduled monthly income: $781
$150,000 partial interest - scheduled monthly income: $1,562
$330,000 whole note - scheduled monthly income: $3,437