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Trust Deed Investments | Available Trust Deed Investments - 2+ acre lot in East San Diego County
FUNDED!
LOAN: #7297
SUBJECT PROPERTY: 2.41 acre lot on Princess Joann Road in Santee, CA
APN 378-200-02 / Can be split into 2 lots (contiguous 3.64 acre lot 1st TD also available)
APPRAISED VALUE: $55,000.00
LOAN TERMS
LOAN AMOUNT: $30,000.00
POSITION: 1st
INTEREST: 11.5%
TERM: 36 mos
LTV: 55%
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: $30,000.00
POSITION: 1st
INTEREST: 11.5%
TERM: 36 mos
LTV: 55%
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: Borrowers have previously been clients of FHLC; they have a strong payment history and have paid off all prior accounts. The proceeds of this loan will be used to pay off a tax lien; we will accomplish this directly through escrow.
Click here to view the appraisal for APN 378-200-02.
Information Subject to Change
