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Trust Deed Investments | Available Trust Deed Investments - Rental SFR in Palmdale, CA
FUNDED!
LOAN: #7068
SUBJECT PROPERTY: 3313 Fairfield Ave, Palmdale, CA 93550
Two story SFR with 4 bedrooms, 2.5 baths, 2121 sq ft w/3-car garage
APPRAISED VALUE: $157,000.00 (view appraisal)
PURCHASE PRICE: $115,500.00 (short-sale)
LOAN TERMS
LOAN AMOUNT: $80,850.00
POSITION: 1st
INTEREST: 11%
TERM: 36 mos
LTV: 70% of purchase price/51% 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: $80,850.00
POSITION: 1st
INTEREST: 11%
TERM: 36 mos
LTV: 70% of purchase price/51% 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: Borrower is putting 30% down and paying all closing costs. They will be doing minor repair work with their own funds and then marketing the property for rent for $1,500 per mo. This borrower is an existing client of Federal Home Loans in good standing.
Information Subject to Change
