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Trust Deed Investments | Available Trust Deed Investments - Lake Elsinore Rental SFR
FUNDED!
LOAN: #7209
SUBJECT PROPERTY: 15160 Etienne St. Lake Elsinore, CA 92562
SFR with 3-bed/2 bath, 1744 sq ft and 2-car garage
APPRAISED VALUE: $178,000.00 (view appraisal)
PURCHASE PRICE: $175,000.00 (short-sale)
LOAN TERMS
LOAN AMOUNT: $122,500.00
POSITION: 1st
INTEREST:11%
TERM: 36 mos
LTV: 70% of purchase price/69% of appraised value
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: $122,500.00
POSITION: 1st
INTEREST:11%
TERM: 36 mos
LTV: 70% of purchase price/69% of appraised value
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 is in the city of Lake Elsinore, just over a mile from the lake. It is being purchased for investment purposes, and will be marketed for rent at $1600 per mo. Note - we are withholding $1000 in funds for landscaping improvements. Borrower has a 684 FICO score, and is putting 30% down and paying all closing costs. Home previously sold for $406,500 in 2005.
Information Subject to Change
