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Trust Deed Investments | Available Trust Deed Investments - Rental SFR on 3+ Acres in Temecula, CA
FUNDED!
LOAN: #7384
SUBJECT PROPERTY: 38680 Mesa Road, Temecula, CA 92592 (view on map)
3-bed/2-bath, 2600 sq ft, 2-car attached garage, swimming pool and wood-burning fireplace on 3+ acres
APPRAISED VALUE: Pending
PURCHASE PRICE: $237,500.00 (short-sale)
LOAN: #7384
SUBJECT PROPERTY: 38680 Mesa Road, Temecula, CA 92592 (view on map)
3-bed/2-bath, 2600 sq ft, 2-car attached garage, swimming pool and wood-burning fireplace on 3+ acres
APPRAISED VALUE: Pending
PURCHASE PRICE: $237,500.00 (short-sale)
LOAN TERMS
LOAN AMOUNT: $166,250.00
POSITION: 1st
INTEREST: 11%
TERM: 36 mos
LTV: 70% of purchase price
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 a tax attorney with credit scores in the 648-680 range who is purchasing this property as an investment/rental property. He will be performing repairs (including roofing work and demolishing the rear attached patio cover) prior to marketing it for rent for $1800-$2400 per mo. We are happy to provide the appraisal when available (by 4/20); please note RealQuest values the immediately surrounding homes in the $450K to $621K range.
Information Subject to Change
Information Subject to Change
