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Trust Deed Investments | Available Trust Deed Investments - Multi-Tenant Rental in Phelan, CA
FUNDED!
LOANS: #7181
SUBJECT PROPERTY: 11365 Macron St, Phelan, CA
SFR converted into multiple rental properties, with detached 3-car garage
APPRAISED VALUE: $81,900.00 (view appraisal)
PURCHASE PRICE: $81,900.00
LOAN TERMS
LOAN AMOUNT: $57,330.00
POSITION: 1st
INTEREST: 11%
TERM: 36 mos
LTV: 70% of purchase price
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: $57,330.00
POSITION: 1st
INTEREST: 11%
TERM: 36 mos
LTV: 70% of purchase price
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: This is a large,unique property being utilized as multi-family/tenant living. The lot is large enough to also house a mobile home (allowed by zoning). Purchaser is experienced in this type of rental unit, and will be marketing the units for rent in the combined range of $1800-2100 per mo.
Property directly across the street from our subject property was just listed for $225K (SFR on one acre).
Property directly across the street from our subject property was just listed for $225K (SFR on one acre).
Information Subject to Change
