I have a property in San Marcos, CA where I am linking the borrower with a trust deed lender. The lender will be in first position with a guarantee of 6 months interest only. Loan will be between 6 months to 12 months. The exit strategy to is sell.
Property appraised for $306K, needed $198K to borrow. This is being typed up by a broker, funds will go directly into escrow with these instructions. You will be first position on the property, I will guarantee payments. This is a great deal to invest. First come first serve. I have copies of appraisal, loan application, credit report, and comps.