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Trust Deed Investments | Available Trust Deed Investments - SFR on 10 acres in Borrego Springs, CA
FUNDED!
LOAN: #7314
SUBJECT PROPERTY: 1482 Rango Way, Borrego Springs, CA 92004
1544 sq ft SFR with 3 outbuildings on 10 acres
APPRAISED VALUE: $350,000.00 view appraisal
LOAN TERMS
LOAN AMOUNT: $150,000.00
POSITION: 1st
INTEREST: 11%
TERM: 24 mos
LTV: 43%
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: $150,000.00
POSITION: 1st
INTEREST: 11%
TERM: 24 mos
LTV: 43%
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: This will be the second loan we've funded for this borrower, secured by the same property. Our original loan for $200,000.00 was paid in full, and all payments were made on time. Subject property was acquired for $460,000.00 in September of 2007 in an all-cash transaction. There are approximately 10,000 palm trees on the property with an average value of $80.00 each (appraised value does not include the trees). A UCC-1 will be recorded concurrently with the trust deed securing the trees, as they are not part of the real property.
Information Subject to Change
