- Year-to-date annualized return: 7.61%
- Number of loans: 225
- Gross loan portfolio dollars: $275,052,265 (78.01 % in 1st and 21.99 % in 2nd position)
- Average loan-to-value: 52.69%*
- Average loan amount: $1,222,454
- Number of Counties: 24
*calculated when loans are initially funded
Location: La Jolla, CA
Loan Type: Bridge Loan
Lien Position: 1st
Loan Amount: $5,250,000
Description: Both properties involved in this loan transaction are in La Jolla, CA. The property purchased by borrower is a custom home in an amazing community by the ocean. 3 Bedroom 3.5 baths, walking distance to the La Jolla Village. Roof top deck with panoramic ocean views, spa, wine room, study & a 3 car garage.
The departing property is a 4 bedroom/3 bath 3,125 sqft Oceanfront residence, perfectly sited on approximately 0.91 Acres above the Blue Pacific, with views from the La Jolla Cove to the Cliffs of Black’s Beach. Expansive level yard and lush tropical foliage invite you to enjoy the outdoor coastal lifestyle. Borrower was looking to downsize.
Past 12 months Annualized Returns:
|Month||Income Partner||Growth Partner|