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Trust Deed Investments | Available Trust Deed Investments - 39% LTV on SFR in Long Beach, CA
FUNDED!
LOAN #: 7248
SUBJECT PROPERTY: 201 E. Roosevelt Road, Long Beach, CA 90807
Single-level SFR with 4-bed/3.5-bath, 4014 sq ft and 3-car garage
APPRAISED VALUE: $1,100,000.00 (view appraisal)
LOAN TERMS
LOAN AMOUNT: $430,000.00
POSITION: 1st
INTEREST:10.25%
TERM: 36 mos
LTV: 39% 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 a custom-built home on a large corner lot. The home includes a pool, spa and built-in BBQ. Our borrowers have owned this home since 1983. The loan proceeds will be used to pay off a tax lien and for business purposes. Proceeds will be held in an impound account and paid out accordingly upon request. Borrowers own two McDonald's franchises.
Information Subject to Change
