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Trust Deed Investments | Available Trust Deed Investments - Vacation Cabin Home in Big Bear, CA
FUNDED!
LOAN: #7045
SUBJECT PROPERTY: 38676 Big Bear Blvd, Big Bear, CA 92315
Four story SFR/Vacation Cabin. 4-bed, 3.5-bath, 2788 sq ft with high-end construction and finishing.
APPRAISED VALUE: $600,000.00 (Sept 2009)
LOAN TERMS
LOAN AMOUNT: $325,000.00
POSITION: 1st
INTEREST: 10.5%
TERM: 60 mos
LTV: 54%
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: $325,000.00
POSITION: 1st
INTEREST: 10.5%
TERM: 60 mos
LTV: 54%
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 purchased this property in 2002 and built the home in 2007, spending approximately $750,000.00 in construction costs. This is a vacation home, not a rental. Borrower has owned his own business for 18 years and has a high credit score.
Information Subject to Change
