Trust Deed Investments | Available Trust Deed Investments - Rental Modular Home (on perm foundation) in El Centro, CA
FUNDED!
LOAN: #7188
SUBJECT PROPERTY: 1799 N. 8th St, El Centro, CA 92243
Manufactured home on permanent foundation with 3-bed/1.5 bath on .62 acres
APPRAISED VALUE: $74,000.00 (view appraisal)
LOAN TERMS
LOAN AMOUNT: $35,000.00
POSITION: 1st
INTEREST: 11%
TERM: 60 mos (fully amortized)
LTV: 47%
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: $35,000.00
POSITION: 1st
INTEREST: 11%
TERM: 60 mos (fully amortized)
LTV: 47%
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 was fully remodeled in early 2010, and has been leased since May 2010 for $860 per mo. Borrower used credit cards for remodel and will be using loan funds to pay off that debt. Please note this is a fully-amortized loan.
Information Subject to Change




