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Trust Deed Investments | Available Trust Deed Investments - Modular Home on Perm Foundation in Perris, CA
FUNDED!
LOAN: #7166
SUBJECT PROPERTY: 20871 Myron St, Perris, CA 92570
3-bed/2-bath, 1640 sq ft modular home on permanent foundation
APPRAISED VALUE: $85,000.00 (May 2010 - view appraisal)
LOAN TERMS
LOAN AMOUNT: $40,000.00
POSITION: 1st
INTEREST: 11%
TERM: 36 mos
LTV: 47% 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: $40,000.00
POSITION: 1st
INTEREST: 11%
TERM: 36 mos
LTV: 47% 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 purchased subject property in 2006 for over $200,000.00. It is currently owned free & clear and rented for $1000.00 per mo. We will be holding $500 in funds for necessary yard clean-up. Borrower will be investing the funds in a new business.
Information Subject to Change
