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Trust Deed Investments | Available Trust Deed Investments - Commercial Bldg/Restaurant in Long Beach
FUNDED!
LOANS: #7249
SUBJECT PROPERTY: 1022 Long Beach Blvd, Long Beach, CA 90813
APN 7273-008-008
1125 sq ft Commercial Building on 7500 sq ft lot.
APPRAISED VALUE: $390,000.00 (click here to view appraisal)
LOAN TERMS
LOAN AMOUNT: $165,500.00
POSITION: 1st
INTEREST: 11%
TERM: 36 mos
LTV: 42% 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: $165,500.00
POSITION: 1st
INTEREST: 11%
TERM: 36 mos
LTV: 42% 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 owned free and clear and has been leased to the same restaurant owners since 2005; they are currently paying $3000 per mo. The property is located in the redevelopment area of Long Beach. It is adjacent to St. Mary's Medical Center and Hospital and is surrounded by commercial businesses. Trolley lines run north and south along the median of Long Beach Blvd.
Our borrower owns various residential and commercial properties in Long Beach, and has been a client of ours for over 10 years with an excellent payment history.
Our borrower owns various residential and commercial properties in Long Beach, and has been a client of ours for over 10 years with an excellent payment history.
Information Subject to Change
