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Federal Trust Deed | Available Trust Deed Investments - North Hills Rental Condo
FUNDED!
LOANS: #7087
SUBJECT PROPERTY: 8840 Burnet Ave, #7, North Hills, CA 91343
3-bed/2.5-bath, 1653 sq ft condo (HOA $280 per mo)
APPRAISED VALUE: $190,000.00 (view appraisal)
PURCHASE PRICE: $176,000.00
LOAN TERMS
LOAN AMOUNT: $91,000.00
POSITION: 1st
INTEREST: 11%
TERM: 60 mos
LTV: 52% of purchase price/48% of appraised value
There is a late charge of 10% of the payment (after 10 days)
There are no prepayment penalties on these loans
These loans contain a balloon payment
LOAN AMOUNT: $91,000.00
POSITION: 1st
INTEREST: 11%
TERM: 60 mos
LTV: 52% of purchase price/48% of appraised value
There is a late charge of 10% of the payment (after 10 days)
There are no prepayment penalties on these loans
These loans contain a balloon payment
SPECIFICS: Borrower is putting 48% down and paying all closing costs. Property will be marketed for rent at $1200 to $1300 per mo.
Information Subject to Change
