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Trust Deed Investments | Available Trust Deed Investments - Approx 4-acre Multi-Use Property in Perris, CA
FUNDED!
LOAN: #7082
SUBJECT PROPERTY: 25401 Spring Rd, Perris, CA 92571
Property consists of a church, SFR, and apt units on approximately 4 acres
APN 345-050-032-4
APPRAISED VALUE: $590,000.00
PURCHASE PRICE: $590,000.00
Property consists of a church, SFR, and apt units on approximately 4 acres
APN 345-050-032-4
APPRAISED VALUE: $590,000.00
PURCHASE PRICE: $590,000.00
LOAN TERMS
LOAN AMOUNT: $294,000.00
POSITION: 1st
INTEREST: 11%
TERM: 24 mos
LTV: 50%
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: $294,000.00
POSITION: 1st
INTEREST: 11%
TERM: 24 mos
LTV: 50%
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: Church monthly lease revenue will be approx $3,000. The home and apts will be marketed for rent as follows: SFR at $1,100 per mo; Four studio apts at $500 ea/$2,000 per mo; Eight bedrooms in building 2 at $450 ea/$3,600 per mo. Total anticipated monthly income of approx $9,700 per mo.
Borrower is putting 50% down and paying all closing costs.
Borrower is putting 50% down and paying all closing costs.
Information Subject to Change
