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Federal Trust Deed | Available Trust Deed Investments - Dual-Unit Rental in Los Angeles, CA
FUNDED!
LOAN: #7038
SUBJECT PROPERTY: 11122 and 11124 Belhaven St, Los Angeles, CA 90059
Unit 1: 3-bed/1.5-bath, 1006 sq ft, 2-car garage, deck
Unit 2: 1-bed/1-bath, 584 sq ft, 1-car garage, covered patio
APPRAISED VALUE: $245,000.00
PURCHASE PRICE: $135,000 (Short-sale purchase from Chase)
LOAN TERMS
LOAN AMOUNT: $95,000.00
POSITION: 1st
INTEREST: 11%
TERM: 36 mos
LTV: 370% of purchase price / 39% of appraised value
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
POSITION: 1st
INTEREST: 11%
TERM: 36 mos
LTV: 370% of purchase price / 39% of appraised value
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: Borrower is a long-term FHLC client in good standing, and will be using their own funds to complete minor refurbishing before marketing the units for rent. Estimated market rent is $1450 per mo for unit 1 and $1100 per mo for unit 2.
Information Subject to Change
