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Trust Deed Investments | Available Trust Deed Investments - Rental SFR in the San Fernando Valley, CA
FUNDED!
LOAN: #6988
SUBJECT PROPERTY: 8754 Rincon Ave, Sun Valley, CA 91352
3-bed/2-bath, 1064 sq ft, 1-car garage
APPRAISED VALUE: $275,000.00 (Dec 2009 - view appraisal)
PURCHASE PRICE: $189,000.00 (short-sale)
LOAN TERMS
LOAN AMOUNT: $132,300.00
POSITION: 1st
INTEREST: 11%
TERM: 24 mos
LTV: 70% of purchase price/48% 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
LOAN AMOUNT: $132,300.00
POSITION: 1st
INTEREST: 11%
TERM: 24 mos
LTV: 70% of purchase price/48% 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
NOTE: Subject property's garage has been converted into a guest unit w/o permits. This conversion was done in a workmanline manner and is easily reconverted into a garage. With the lack of permits the conversion is appraised as a garage. Once purchase is complete property will be marketed for rent at $2200 per mo.
Information Subject to Change
