First Trust Deed in Los Angeles pays 10.99% 70% LTV

We have a first trust deed for $105,000, pays 10.99% for 15 months. It is for a purchase of a SFR, 2-1 980 sq ft. While this is a Los Angeles hard money loan and Los Angeles trust deed, we also do San Diego Private money loans as well as Orange County Hard money loans. Zillow has this at $286,000. I am valuing only at the purchase price of $150,000 for an LTV of 70% even though I and the buyer feels it is worth more. The buyer is a teacher who has experience in the building industry. Here is the video: Contact me if you are interested.

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