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Trust Deed Investments | Available Trust Deed Investments - Rental Duplex in Bakersfield, CA
FUNDED!
LOAN: #6981
SUBJECT PROPERTY: 325 Wilson Ave, Bakersfield, CA 93308
1800 total sq ft; each side with 3-bed/1-bath
APPRAISED VALUE: $65,000.00 (view appraisal)
PURCHASE PRICE: $53,000.00 (short-sale)
LOAN TERMS
Loan Amount: $37,100.00
Position: 1st
Interest: 11%
Term: 24 months
LTV: 57% of appraised value/70% of purchase price
There is a late charge of 10% of the payment (after 10 days)
There is no prepayment penalty on this loan
This loan contains a balloon payment
NOTE: Borrower has 700+ FICO and is putting 30% down plus paying all closing costs.
