Julian, CA – 160 acre ranch refinance, $1,500,000 1st Trust Deed
DESCRIPTION:
Cash out Loan proceeds will be used for business operations while the ranch is being sold.
Located in Julian, CA, the subject property is a 160 acre working ranch featuring a 5 bedroom/4 bath 4,000
sq.ft main home, along with 2 guest homes, several outbuildings, baseball field, horse stalls, corrals and barns, airplane runway and hanger, and 300 apple trees.
INVESTMENT INFORMATION | |
LIST PRICE: | $4,200,000 |
APPRAISED VALUE (2008): | $3,250,000 |
LOAN TO LIST VALUE: | 35.71% |
LOAN TO APPRAISED VALUE: | 46.15% |
INVESTMENT YIELD: | 8.0% |
TERM: | 2 Years |
ADDITIONAL COMMENTS:
- This loan will be secured in FIRST position on subject Property.
- The loan provides for 6 months minimum interest to the investor.
- There is a late charge of 10% of the payment (after 10 days).
- This loan contains a balloon payment.
For more details on this investment or questions about future opportunities, please give me a call or send me an email. I appreciate your business and look forward to working with you.
Sincerely,
Ted Przybylek
Real Estate Loans & Investments
(619) 647-1999
CA BRE 01150452