Available Trust Deeds – February 18, 2016
1st TD – $422,000
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Term: 5yr I/O
Rate: 10.00%
Payment: $3,516.66
(Partially Amortized)
LTV: 50%
Appraised Value: $960,000
Los Angeles, CA
Comments:
6 Units well located in Los Angeles. Each unit is 1 Bed/ 1 Bath, square feet range from 815-872. Rental income of $5,850. Funds used to further upgrade property and payoff existing business loan. Fico 551. This loan has a 12 month prepayment penalty.
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1st TD – $350,000
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Term: 2yr I/O
Rate: 11.50%
Payment: $3,354.16
(Partially Amortized)
LTV: 56%
Appraised Value: $625,000
Greenfield, CA
Comments:
Mixed use commercial property with common parking area. Fico 776 & 725. 2 Buildings 5,969 Sqft.; Lot size 13,000 Sqft. This loan has a 6 month prepayment penalty.
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1st TD – $95,000
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Term: 40/3
Rate: 9.00%
Payment: $732.79
(Partially Amortized)
LTV: 50%
Purchase Price: $190,000
Yucca Valley, CA
Comments:
Great investment opportunity with great potential. Borrower plans to upgrade property to generate maximum rental income. Fico 728. 3 Bed/ 2.5 Bath, 2,436 Sqft, 17,915 Lot size. This loan has a 6 month prepayment penalty.
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1st TD – $903,000
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Term: 40/3
Rate: 10.25%
Payment: $7,845.43
(Partially Amortized)
LTV: 70%
Appraised Value: $1,400,000
Purchase Price: 1,290,000 (Used for LTV)
El Segundo, CA
Comments:
Opportunity is knocking!!! Great rental property just a few blocks from Dockweiler Beach State Park. Fico 717 & 764. Two Units – 3 Bed/ 2 Bath, 1,671 Sqft and 2 Bed/ 2 Bath 1,117 Sqft. 6,694 Lot size. This loan has a 3 month prepayment penalty.
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First Trust Deed