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Trust Deed Investments | Available Trust Deed Investments - Los Angeles SFR Under Construction
FUNDED!
LOAN: #7227
SUBJECT PROPERTY: 4230 N Barrett Rd, Los Angeles, CA 90032
Completed home will be 5-bed/3.5-bath, 3308 sq ft with attached 2-car garage
APN 5309-015-030
APPRAISED VALUE: $580,000.00
LOAN TERMS
LOAN AMOUNT: $335,000.00
LEFT TO FUND: $159,520.00
POSITION: 1st
INTEREST: 11%
LOAN TERM: 24 mos
LTV: 58%
There is a late charge of 10% of the payment (after 10 days)
There is a pre-payment penalty of one-month's interest in effect for first 12 mos of loan term
This loan contains a balloon payment
This loan is interest-only
LOAN AMOUNT: $335,000.00
LEFT TO FUND: $159,520.00
POSITION: 1st
INTEREST: 11%
LOAN TERM: 24 mos
LTV: 58%
There is a late charge of 10% of the payment (after 10 days)
There is a pre-payment penalty of one-month's interest in effect for first 12 mos of loan term
This loan contains a balloon payment
This loan is interest-only
SPECIFICS: Subject property is an infill lot (11,326 sq ft) which slopes away from the street; other homes on the street share a similar, sloping topography.
Borrower owns subject property free and clear, and has spent approx $250,000 to date in hard and soft costs for the project. Funds to complete the project will be deposited into a fund control account and disbursed as construction progresses. Site inspections and photographs will be done to confirm work has been completed and lien releases must be provided by all trades.
Borrower owns subject property free and clear, and has spent approx $250,000 to date in hard and soft costs for the project. Funds to complete the project will be deposited into a fund control account and disbursed as construction progresses. Site inspections and photographs will be done to confirm work has been completed and lien releases must be provided by all trades.
Information Subject to Change
