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Trust Deed Investments | Available Trust Deed Investments - Two Rental Units in El Centro, CA
FUNDED!
LOAN: 7304
SUBJECT PROPERTY: 2 units at 464 Adams Ave, El Centro, CA 92243
Zoned R-3; 1736 sq ft for both units combined on 6000 sq ft lot
APPRAISED VALUE: $72,000.00
PURCHASE PRICE: $72,000.00 (view appraisal)
LOAN TERMS
LOAN AMOUNT: $46,800.00
POSITION: 1st
INTEREST:11%
TERM: 60 mos
LTV: 65%
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: Our borrower is purchasing this investment property through a Fannie Mae auction. The bank has authorized and accepted the purchase offer of $72,000.00. Borrower is putting 35% down and paying all closing costs. The property will be leased for $1400 per mo.
Information Subject to Change
