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Federal Trust Deed | Available Trust Deed Investments - Rental SFR in Hayward, CA (2 blocks from BART)
FUNDED!
LOANS: #7147
SUBJECT PROPERTY: 677 Sorenson Rd, Hayward, CA 94544
3-bed/1.5-bath, 2368 sq ft on a 13,000 sq ft lot
APPRAISED VALUE: $330,000.00 (view appraisal)
PURCHASE PRICE: $294,900.00
LOAN TERMS
LOAN AMOUNT: $206,500.00
POSITION: 1st
INTEREST: 11%
TERM: 36 mos
LTV: 70% of purchase price/63% 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: $206,500.00
POSITION: 1st
INTEREST: 11%
TERM: 36 mos
LTV: 70% of purchase price/63% 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: ONLY TWO BLOCKS FROM BART! Borrower is purchasing this bank-owned property as an investment, and will be marketing it for rent at $2,150 per mo. Borrower is putting 30% down, paying all closing costs, and will be depositing additional funds into escrow prior to closing for clean-up and minor repair work so property is in move-in condition.
Information Subject to Change
