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Trust Deed Investments | Available Trust Deed Investments - Salinas SFR 54% LTV
FUNDED!
LOAN: #7132
SUBJECT PROPERTY: 1495 Nichols Ave, Salinas, CA 93906
SFR with 3-bed/2-bath, 1247 sq ft w/2-car garage and carport
APN 261-234-001
APPRAISED VALUE: $222,000.00 (view appraisal)
LOAN TERMS
LOAN AMOUNT: $120,000.00
POSITION: 1st
INTEREST:11%
TERM: 36 mos
LTV: 54% 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: $120,000.00
POSITION: 1st
INTEREST:11%
TERM: 36 mos
LTV: 54% 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
SPECIFICS: Subject property has been in borrower's family for over 30 years, and is currently owned free and clear. The funds from this loan will be going to purchase a business.
Information Subject to Change
