Trust Deed Loan for Sale: Canyon Lake; Waterfront Property; 12% Rate

This loan is a $275,000 1st trust deed secured by a single family residence in Canyon Lake, CA 92587. The term is 1 year, the loan-to-value (LTV) ratio is 61% and the rate is 12.00%, yielding $3,250.00 in monthly interest payments during the term of the loan.

This property is a very desirable waterfront home. This deal is an investor purchase of an REO for $430,000, which had an original loan amount of $995,000. Should the borrower pay this loan off early, there is a 30-day interest prepay for the investor.

The recent broker opinion is $535,000.

The wealthy residents in this neighborhood, fled the city for the charms of waterfront living. These families of executives live in six-figure comfort, enjoying country club type sports like golf, tennis, and swimming as well as skiing, boating, and biking.

Considering the equity (51% LTV), a high-yield rate of 12%, and the desirable location, this looks like a reasonable investment risk. However, every first mortgage investment involves some financial risk, so call us now to find out if this loan is suitable for you.

Call Mark Reynolds at 1-877-695-4900 toll free now for more information and a complete package of details. View this property at http://www.trustdeedrealestateinvesting.com/subject-property-view-canyon-lake.html