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Federal Trust Deed | Available Trust Deed Investments - Rental SFR in Indio, CA
FUNDED!
LOAN: #6995
SUBJECT PROPERTY: 83699 Mesquite Dr, Indio, CA 92201
2-bed/2-bath, 968 sq ft, 2-car garage
APPRAISED VALUE: $60,000.00
PURCHASE PRICE: $60,000
SELLER: FNMA
2-bed/2-bath, 968 sq ft, 2-car garage
APPRAISED VALUE: $60,000.00
PURCHASE PRICE: $60,000
SELLER: FNMA
LOAN TERMS
Loan Amount: $39,000.00
Position: 1st
Interest: 11%
Term: 60 months
LTV: 65%
Position: 1st
Interest: 11%
Term: 60 months
LTV: 65%
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.
There is no prepayment penalty on this loan.
This loan contains a balloon payment.
SPECIFICS: In addition to putting 30% down and paying all closing costs, borrower is placing $15,000 into our escrow trust in order to complete needed repairs (click here to see the appraisal for details). This will ensure the necessary work is completed. The $15,000 will come directly from the borrower and is not reflected in our loan amount.
Information Subject to Change
