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Trust Deed Investments | Available Trust Deed Investments - Two SFR Lots Near the Colorado River (AZ)
LOAN: #7011 and 7012
SUBJECT PROPERTIES: Lot 34 and 35, Emerald Springs, La Paz County, AZ
Two Single-Family lots with poured slabs, plans ready, and permits paid.
APNs: Lot 34: 302-48-045; Lot 35: 302-48-046
BROKER'S OPINION OF VALUE: $75,000 each.
Two Single-Family lots with poured slabs, plans ready, and permits paid.
APNs: Lot 34: 302-48-045; Lot 35: 302-48-046
BROKER'S OPINION OF VALUE: $75,000 each.
LOAN TERMS
(for each lot)
Loan Amount: $32,000.00
Position: 1st
Interest: 11%
Term: 12 months
LTV: 43% based on broker opinion
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.
(for each lot)
Loan Amount: $32,000.00
Position: 1st
Interest: 11%
Term: 12 months
LTV: 43% based on broker opinion
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: Lots are very well secured due to proximity to Colorado River. Current market has not allowed developer to finish the project as of yet. Loan was originally funded in April 2010.
Information Subject to Change
