TRUST DEED INVESTMENT OPPORTUNITY!
Note secured by a 1st Trust Deed and 2nd Trust Deed on cross collateral property.
2400 E 70th Street, Los Angeles, CA 90033
+ Collateral Property: 254 Verde Avenue, Los Angeles, CA 90033
Loan History
| Type of Loan | 1st Trust Deed – Interest Only |
| Loan Amount | $1,600,000 PWMF + $340,000 Cross Collateral 1st |
| Interest Rate | 9.75% |
| Term | 24 Months |
| Origination Date | 5/17/19 |
| Maturity Date | 6/1/21 |
Payment History
| Payment Amount Monthly | $13,000 |
| Payment Amount Annually | $156,000 |
| Interest in Arrears (If Applicable) | $39,000 |
Description of Property
| Property Type | Industrial – Warehouse |
| Zoning | M2 – Light Industrial |
| Assessor’s Parcel Number (APN) | 7113-008-042 |
| Structure Square Footage | 6,176 |
| Lot Square Footage | 16,743 |
| County | Los Angeles |
Valuation
| Valuation Based on Comparable Sales from 9/1/19 to 2/15/20 | $2,900,000 (comprised of $1.25m for this property + $1.65m Cross Collateral) |
| Average per Square Foot | Not Applicable with Cross Collateral Property |
| Loan to Value (LTV) | 67% Combines Loan to Value (CLTV) |
Copyright © 2020 GrangerCo., Inc. All Rights Reserved. Loan to Value (LTV) valuations are estimates based on sales comparables as reported by the California Multiple Listing Service (CRMLS), Costar Inc. comparable information and aggregated data on foreclosures, sales comparables as well as for sale/lease listings of homes and commercial properties from Property Shark. These sales are reported through public agencies County Recorder’s offices as well as the subject vendors’ internal research. GrangerCo., Inc. believes this information to be accurate but is not responsible for inaccuracies if any in this information.
2400 E 70th St, Los Angeles, CA, 90033 – Trust Deeds 4Sale #1
Brokerage Services offered by The Granger Company DRE# 01485804
TRUST DEED INVESTMENT OPPORTUNITY!
Note secured by a 1st Trust Deed and 2nd Trust Deed on cross collateral property.
2400 E 70th Street, Los Angeles, CA 90033
+ Collateral Property: 254 Verde Avenue, Los Angeles, CA 90033
Loan History
| Type of Loan | 2nd Trust Deed – Additional Collateral |
| Loan Amount | $340,000 – 1st Trust Deed |
| Interest Rate | |
| Term | |
| Origination Date | |
| Maturity Date |
Payment History
| Payment Amount Monthly | |
| Payment Amount Annually | |
| Interest in Arrears (If Applicable) |
Description of Property
| Property Type | Multi-Family |
| Zoning | RD1.5 – Restricted Density Multiple Dwelling |
| Assessor’s Parcel Number (APN) | 5202-010-031 (2 Buildings on Lot) |
| Structure Square Footage | 3,924 |
| Lot Square Footage | 6,873 |
| County | Los Angeles |
Valuation
| Valuation Based on Comparable Sales from 9/1/19 to 2/15/20 | $2,900,000 (comprised of $1.25m for this property + $1.65m Cross Collateral) |
| Average per Square Foot | Not Applicable with Cross Collateral Property |
| Loan to Value (LTV) | 67% Combines Loan to Value (CLTV) |