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Federal Trust Deed | Available Trust Deed Investments - San Diego/Lemon Grove Construction Loan
FUNDED!
LOAN: #6905
SUBJECT PROPERTY: 1935 Dain Drive, Lemon Grove, CA 91945
Two-Story Single Family Residence under construction
ESTIMATED VALUE: $350,000.00 (pending appraisal)
LOAN TERMS
Loan Amount: $60,000.00
Position: 1st Trust Deed
Interest: 11%
Term: 60 months
LTV: 17% (pending appraisal)
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: $60,000.00
Position: 1st Trust Deed
Interest: 11%
Term: 60 months
LTV: 17% (pending appraisal)
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.
When complete home will have 4 bed/3 bath with total of 2400 sq ft and a 2-car garage. Lot was purchased in 2007 for $52,000.00. The property is currently owned free and clear of any liens. Mr. Mota has paid over $70,000.00 in construction costs to date.
Information Subject to Change
