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Federal Trust Deed | Available Trust Deed Investments - Half-Acre Lot in Imperial Beach, CA
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Half Acre Lot in Imperial Beach
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LOAN: #6894
SUBJECT PROPERTY: Parcel # 638-060-40 and 638-060-34, San Diego, CA 92173
Vacant Land, .48 acre, triangular shaped w/utilities to the site. Zoned R 1-7
LOAN TERMS
Loan Amount: $40,000
Interest Rate: 11% Appraised Value: $230,000.00 (Broker's Opinion of Value: $80,000.00)
Trust Deed Position: 1st
Payment: $366.67
Term: 36 months
LTV: 17% Appraised Value / 50% Broker's 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
Mr. Morales purchased this property for $54,000.00 in 1989. He will be using the proceeds for his business, Morales Auto Storage. This company checks cars purchased in the US before releasing to cross into Mexico. VIEW APPRAISALPlease call if you have any questions or require additional information. Information Subject to Change
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