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Federal Trust Deed | Available Trust Deed Investments - SFR Under Construction and 9 lots in Yuma, AZ
FUNDED!
LOAN: #6993
SUBJECT PROPERTIES: 12825 E. 49th St, Yuma, AZ 85367
Single family residence under construction; 3-bed/2-bath, 1767 sq ft, and nine improved lots.
Ten total properties, all owned free and clear of any liens. Click here to view the plat map.
Home under construction and additional lots are all in the same development.
APPRAISED VALUE: 12825 E. 49th St has been appraised at $280,000.00 when complete. Average lot sale in the development is $69,500.00. Click here to have the appraisal emailed to you.
TOTAL ESTIMATED VALUE: $905,500.00
Single family residence under construction; 3-bed/2-bath, 1767 sq ft, and nine improved lots.
Ten total properties, all owned free and clear of any liens. Click here to view the plat map.
Home under construction and additional lots are all in the same development.
APPRAISED VALUE: 12825 E. 49th St has been appraised at $280,000.00 when complete. Average lot sale in the development is $69,500.00. Click here to have the appraisal emailed to you.
TOTAL ESTIMATED VALUE: $905,500.00
LOAN TERMS
Loan Amount: $150,000.00
Position: 1st
Interest: 11%
Term: 24 months
LTV: 17%
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.
Loan Amount: $150,000.00
Position: 1st
Interest: 11%
Term: 24 months
LTV: 17%
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.
SPECIFICS: The cost to complete this home is estimated at $82,000.00. The nine lots are being used as additional collateral, and if sold during the loan term will be individually released for a $10,000.00 principal pay down. Proceeds of this loan will be used to pay the balance owed on construction completed-to-date as well as to complete the home. All construction money will be held in a fund control and necessary inspections will be completed prior to the release of any funds. This loan allows for interest carry. Click here to view an overview of the borrower.
Information Subject to Change
