AVAILABLE TRUST DEED OPPORTUNITIES
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New 1st Trust Deed for $1.6 million for a 2 year term on a poperty for sale for $3.2 million in Baltimore, Maryland.
Property has 36 tenants with a 25 year old steel fabrication company as the anchor tenant. With 95% occupancy the 2012 NOI is $217k.
12% YIELD PURCHASE 50% LTV
New 1st Trust Deed for $1.3 million for a purchase of a two story 38,000 rentable sq ft Office Building valued at $2.4 million. Located in Decatur. Georgia the ninth largest region in the US, this building is 15miles from Atlanta downtown. Currently 75% Occupied with a NOI of $310k yearly. 2 year term.
12% YIELD PURCHASE 55% LTV
The property is located on a corner intersection at 133 Glenridge Ave., Montclair, NJ, in an excellent location with much ingress. It is a Single Story 18,298 SF Site Fully Occupied, 11,400 SF building, Multi Tenant Commercial Building. Currently 8 Tenant Units Mixed Retail and Professional Office Space. Completely renovated, Excellently Maintained building, Located only one block off Bloomfield Ave in the Heart of the Montclair Business District. Drive-in Bay Doors and Exclusive Tenant Entrances, Common Parking for 20 Vehicles with Metered and Unmetered Street Parking. Across from Large Retail Shopping and Service Center.
noi 200k REFI 60% LTV YIELD 12%
Three (3) Multifamily properties located at 140 Central Ave, 64 E. Liberty Street and 239-243 River Street in Waterbury, CT totaling 23 units. Central Ave. has six residential apartments. All have one bedroom Two units per floor three rooms each. There is a two car garage, thermo windows and new roof. The building was renovated in 2009 after purchase. E. Liberty Street has four one bedroom, three and four room apartments on the first floor. Two, six room, three bedroom apartments on the second floor and two, six room, three bedroom apartments on the third floor. River Street has three studio apartments on the first floor. The second and third floors each have five room, two bedroom apartments totaling five apartments. New roof and mostly all thermo windows.
The Properties generate a combined $162,000 of Gross Revenues and a combined NOI for 2012 of approximately $83,000 and the combined Current Appraised Value of the properties is approximately $700,000.
13% YIELD 22 APARTMENTS
13% YIELD REFINANCE 45% LTV
100% Occupied Office Building located in Marquette Mi. 7,700 sq ft of which 6,500 sq ft is occupied by USDA, the remaining 1,200 by a chiropractor. Both have a 5 year lease remaining. Property generates $9,238 monthly easily covering the debt service. New 1st for $350k for a 2 year term at 13% yield. Property appraised at $500k.
15% YIELD REFINANCE 20% LTV
104 Acres of vacant land on Cortez Blvd in Brookville, Florida. The funds will be used to finish the pending entitlements and blue prints. Property already has access to many interior residential streets. This site sits next to Oak Hill Hospital.
13% YIELD REFINANCE 40% LTV
150 Room Hotel in Indianapolis, Indiana. Full banquet roms, restaurant and bar on the 76,000 sq ft facility. Brand new roof. Cost $ 4 million to build, but valued at $775k. New 1st for $300k a 40% ltv with a 13% yield for 2 years. Original hotel was built as Howard Johnson Hotel.
noi 160k REFI 50% LTV 13% YIELD
Camp Holly is a Fishing, Hunting & Entertainment Center located approximately 3 miles west of the intersection of US 192, and interstate 95 just west of the Melbourne, FL area. It has a direct connection via US 192 to the tourist hotel area of Kissimmee, Fl., which accounts for a great portion of Camp Holly's business. The facilities situated on Camp Holly are approximately 2.4 acres with room for expansion containing resort style cabins, offering dining, boat rides, Bull Gator Tours and entertainment.
The borrower has owned said facility for 4 years with a well maintained payment history and steady income stream for those years in operation. The loan would take out an existing private mortgage of $615,000.00 and apply the remaining amount towards upgrades of the facility.
The Property generated a NOI for 2012 of approximately $160,000 and the Current Appraised Value is $1.3 Million.
14% YIELD REHAB CASHOUT 45% LTV
6 Story vacant hotel building located in Texas that is currently being converted into a rustic residential and commerical mixuse property. Cushman and Wakefield has appraised the property completed at $4.33 million with an "as is" value now of $1.4 million. At completion the property will have 24 residential units and a 12,000 sq ft street level retail space with 6,000 sq ft office above. Feasibility Study is complete and approved. 1st deed will be for 2 years at an as is LTV of 45%.
12% YIELD PURCHASE 42% LTV
The Property is located at 146 Rensch Ave., Galion Ohio. The property is a 45,000 sq ft building, manufacturing facility for metal recycling containers 100% owner occupied. Building has 3 overhead cranes, paint room. The owner of the business has the opportunity undertake some large contracts that will increase sales exponentially. Proceeds will be used to retire approximately $125,000 of debt against the property and business and to secure capital to buy additional raw materials and hire additional staff.
The Property Current Value is estimated at $1,200,000.
12.5 % YIELD PURCHASE 60% LTV
13 % YIELD CASH-OUT 40% LTV