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Trust Deed Investments | Available Trust Deed Investments - Rental Triplex in Long Beach
FUNDED!
LOAN: #7265
SUBJECT PROPERTY: 1030, 1030-1/2, 1032 Daisy Ave, Long Beach, CA 90813
Three units: 3-bed/1-bath 920 sq ft; 2-bed/1-bath 568 sq ft; 1-bed/1 bath 482 sq ft.
APPRAISED VALUE: $290,000.00 (view appraisal)
LOAN TERMS
LOAN AMOUNT: $130,000.00
POSITION: 1st
INTEREST:10.25%
TERM: 24 mos
LTV: 50% of purchase price/45% 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: $130,000.00
POSITION: 1st
INTEREST:10.25%
TERM: 24 mos
LTV: 50% of purchase price/45% 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 triplex with all 3 units currently rented, for a total of $3000 per mo in rental income. Our borrowers have a high FICO score of 752, and are putting 50% down and paying all closing costs.
Information Subject to Change
