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Federal Trust Deed | Available Trust Deed Investments - Los Angeles, CA Single Family Residence Rental Property Under Construction
FUNDED!
LOAN: #6908
SUBJECT PROPERTY: 3774 S. Hobart Blvd, Los Angeles, CA 90018
Single Family Residence under construction. 6 bed/4 bath, 2,160 sq ft with 2-car garage.
The property is currently owned free and clear; loan will allow completion of construction. Funds will be placed in an escrow trust, disbursed according to an approved cost breakdown. Inspections will be regularly conducted, and mechanic lien releases processed as appropriate through the loan term. Property will be rented upon completion; property owners reside next door.
Single Family Residence under construction. 6 bed/4 bath, 2,160 sq ft with 2-car garage.
The property is currently owned free and clear; loan will allow completion of construction. Funds will be placed in an escrow trust, disbursed according to an approved cost breakdown. Inspections will be regularly conducted, and mechanic lien releases processed as appropriate through the loan term. Property will be rented upon completion; property owners reside next door.
APPRAISED VALUE: $300,000.00 (view appraisal)
LOAN TERMS
Loan Amount: $162,000.00
Position: 1st Trust Deed
Interest: 11%
Term: 24 months
LTV: 54%
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.
Information Subject to Change
Loan Amount: $162,000.00
Position: 1st Trust Deed
Interest: 11%
Term: 24 months
LTV: 54%
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.
Information Subject to Change
