California Residents Only –First Trust Deed - $300,950 - #215121
Real Estate Broker – CA Bureau of Real Estate #01884316 So-Cal Capital, Inc. 15801 Rockfield Blvd., #D Irvine, CA 92618
Beach Front Condominium
Panama City Beach, Florida
#215121 | 1st Trust Deed | $300,950
A Presentation for Investment in a Note and 1st Deed of Trust
California Residents Only
Panama City,
Florida
California Residents Only | First Trust Deed | $300,950 | #215121
Real Estate Broker – CA Department of Real Estate #01884316
So-Cal Capital, Inc., 15801 Rockfield Blvd., #D, Irvine, CA 92618
Disclosure
Important Investment Disclosure Your investment will be either directly or indirectly secured by real estate. You may receive a direct interest in a promissory note and deed of trust as a fractionalized interest, as a tenant in common, as a single beneficiary, or, your investment may be in the form of a membership interest in a limited liability company formed for the specific purpose of funding a loan. An offer is made only by the Offering Circular and material disclosure package. Past performance is not an indication of future results. Investments are not insured or guaranteed by any governmental agency. Investments offered through So-Cal Capital, Inc. are available to California residents only, are not liquid, not transferable, and involve substantial risk, including the possible loss of all principal.
Contact Investor Relations to make a reservation or for more information
1-800-414-4670
So-calcapital.com
California Residents Only | First Trust Deed | $300,950 | #215121
Real Estate Broker – CA Department of Real Estate #01884316
So-Cal Capital, Inc., 15801 Rockfield Blvd., #D, Irvine, CA 92618
Loan Summary
This is a refinance loan request for $300,950.00 secured by a first deed of trust.
Security Collateral for this loan will be a Deed of Trust, Security Agreement, Assignment of Rents & Leases and Fixture Filing in first lien position. The note will be secured by a residential condominium. The property is located in Panama City, FL.
Loan Valuation
Appraised Value: $463,000
First Trust Deed: $300,950
Protective Equity: $162,050
Loan To Value: 65%
Yield To Investor: 10.50%
An appraisal of this property has been prepared by an independent, Florida Certified General Appraiser. The date of the appraisal was January 9, 2017. A copy of the appraisal is available upon request and is contained within the material disclosure package.
Contact Investor Relations to make a reservation or for more information
1-800-414-4670
So-calcapital.com
California Residents Only | First Trust Deed | $300,950 | #215121
Real Estate Broker – CA Department of Real Estate #01884316
So-Cal Capital, Inc., 15801 Rockfield Blvd., #D, Irvine, CA 92618
Loan Summary
Loan Terms The loan amount will be $300,950.00 at a fixed note rate of 10.50% providing monthly payments of interest only in the amount of $2,633.31 with the entire balance of principal due in 36 months from the 1st day of the month following the close of escrow. There will be no prepayment penalty. Documents will include due on sale or further encumbrance provisions. There will be a late charge imposed for any payment more than 10 days after its due date in the amount of 10% of the payment due. If imposed, the late charge will be equally divided between investor and servicer. In the event a loan is in default in excess of 30 days, a default interest rate will be imposed equal to 10% above the current interest rate. The term of this loan is 36 months or until the loan is repaid and/or the security property is sold.
Borrowers The borrower is a Georgia Corporation formed for the purpose of holding this property. Its principals are a married couple who earn their living through their real estate investments and through farming. The principals own 10 properties including the subject. They declare monthly income of $8,829.00; $5,000.00 from Social Security and pensions and $3,829.00 in net rental income.
Contact Investor Relations to make a reservation or for more information
1-800-414-4670
So-calcapital.com
California Residents Only | First Trust Deed | $300,950 | #215121
Real Estate Broker – CA Department of Real Estate #01884316
So-Cal Capital, Inc., 15801 Rockfield Blvd., #D, Irvine, CA 92618
Loan Summary
Purpose of the Loan The purpose of this loan is to refinance the existing first trust deed which has come
due.
Source of Repayment The source of repayment for this loan will be from the borrower’s own funds, through a refinance, or through the sale of the property. The borrower shows income sufficient to make the monthly interest payments on this loan.
Property Area The neighborhood is bounded by the following: St. Andrews Bay to the East and North, Highway 79 to the West and the Gulf of Mexico to the South. Panama City is a tourist destination. The condominium development has a mixture of vacation rentals and second homes. The appraiser notes that the median selling time for the subject would be 70 days and that seller concessions are no longer prevalent due to the improving local economy.
Property Description The subject development was built in 2006. It is one of two 23 story buildings each containing 396 units, Approximately half of which are rentals and half are owner occupied. The unit is subject to a Homeowner’s Association with monthly dues of $600.00. The common elements include parking, pool, beach and walkways. The unit is 1,392 square feet of living area composed of 3 bedrooms and 3 baths. It has central air conditioning, a balcony with dramatic views of the Gulf of Mexico, and is fully furnished.
Contact Investor Relations to make a reservation or for more information
1-800-414-4670
So-calcapital.com
California Residents Only | First Trust Deed | $300,950 | #215121
Real Estate Broker – CA Department of Real Estate #01884316
So-Cal Capital, Inc., 15801 Rockfield Blvd., #D, Irvine, CA 92618
Loan Summary
Details
Property Address:
Panama City, Florida
Type of Property:
Residential condominium
Appraiser:
Christopher L Trum
Appraised Value:
$463,000
Date of Value:
January 9, 2017
Appraisal Report Type:
Form Appraisal
Value per Foot:
$332.61
Zoning:
Condos Permitted
Zoning Compliance:
Legal and Conforming
Loan Request:
$300,950
Loan To Value:
65%
Note Rate:
10.50%
Investor Yield:
10.50%
Term:
36 Months
Contact Investor Relations to make a reservation or
for more information
1-800-414-4670
So-calcapital.com
California Residents Only | First Trust Deed | $300,950 | #215121
Real Estate Broker – CA Department of Real Estate #01884316
So-Cal Capital, Inc., 15801 Rockfield Blvd., #D, Irvine, CA 92618
Contact Investor Relations to make a reservation or for more information
1-800-414-4670
So-calcapital.com
California Residents Only | First Trust Deed | $300,950 | #215121
Real Estate Broker – CA Department of Real Estate #01884316
So-Cal Capital, Inc., 15801 Rockfield Blvd., #D, Irvine, CA 92618
Contact Investor Relations to make
a reservation or for more information
1-800-414-4670
So-calcapital.com
California Residents Only | First Trust Deed | $300,950 | #215121
Real Estate Broker – CA Department of Real Estate #01884316
So-Cal Capital, Inc., 15801 Rockfield Blvd., #D, Irvine, CA 92618
Photos
Contact Investor Relations to make a reservation or
for more information
1-800-414-4670
So-calcapital.com
California Residents Only | First Trust Deed | $300,950 | #215121
Real Estate Broker – CA Department of Real Estate #01884316
So-Cal Capital, Inc., 15801 Rockfield Blvd., #D, Irvine, CA 92618
California Residents Only | First Trust Deed | $300,950 | #215121
Real Estate Broker – CA Department of Real Estate #01884316
So-Cal Capital, Inc., 15801 Rockfield Blvd., #D, Irvine, CA 92618
California Residents Only | First Trust Deed | $300,950 | #215121
Real Estate Broker – CA Department of Real Estate #01884316
So-Cal Capital, Inc., 15801 Rockfield Blvd., #D, Irvine, CA 92618
Contact Investor
Relations to make a
reservation or for more
information
1-800-414-4670
California Residents Only | First Trust Deed | $300,950 | #215121
Real Estate Broker – CA Department of Real Estate #01884316
So-Cal Capital, Inc., 15801 Rockfield Blvd., #D, Irvine, CA 92618
Contact Investor
Relations to make a
reservation or for more
information
1-800-414-4670
California Residents Only | First Trust Deed | $300,950 | #215121
Real Estate Broker – CA Department of Real Estate #01884316
So-Cal Capital, Inc., 15801 Rockfield Blvd., #D, Irvine, CA 92618
Contact Investor
Relations to make a
reservation or for more information
1-800-414-
4670
California Residents Only | First Trust Deed | $300,950 | #215121
Real Estate Broker – CA Department of Real Estate #01884316
So-Cal Capital, Inc., 15801 Rockfield Blvd., #D, Irvine, CA 92618
Contact Investor Relations to
make a reservation or
for more information
1-800-414-4670 calcommcapital
.com