Available Trust Deeds – February 25, 2016
1st TD – $420,000
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Term: 40/3
Rate: 11.50%
Payment: $4,066.78
(Partially Amortized)
LTV: 56%
Appraised Value: $750,000
Address: Long Beach, CA
Comments:
GREAT LOCATION!!!!! Beautiful high rise condominium recently upgraded with
spectacular beach, ocean and city views!! Funds to be used for a promotion business and property investments. 2 Bed/ 2 Bath, 1,560 Sqft, High rise condo. This loan has a 6 month prepayment penalty. |
1st TD – $253,500
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Term: 40/3
Rate: 12.50%
Payment: $2,659.01
(Partially Amortized)
LTV: 65%
Appraised Value: $390,000
Address: Bay Point, CA
Comments:
Bungalow style 3 unit property located near Honker Bay in the San Francisco Bay area. Funds are being used to purchase, rehab and flip properties. 3 Units Total- 4 Bed/ 2 Bath, 1,454 Sqft, 16,500 Lot size. This loan has a 6 month prepayment penalty.
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1st TD – $380,000
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Term: 3yr I/O
Rate: 11.50%
Payment: $3,641.66
(Partially Amortized)
LTV: 51%
Appraised Value: $745,000
Address: San Bernardino, CA
Comments:
Multi unit property with good location near San Manuel Indian Casino & Bingo and Arrowhead Country Club. Funds being used to payoff cross collateral loan. 19 Units Total – 18 – 1 Bed/ 1 Bath and 1 – 2 Bed/ 1 Bath, approx. 8,174 Sqft. 26,375 Sqft & 15,209 Sqft Lot Size. This loan has a 6 month prepayment penalty.
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