Federal Trust Deed | Available Trust Deed Investments - 10 acres w/9000 sq ft Warehouse in Corona, CA
FUNDED!
LOAN: #6912
SUBJECT PROPERTY: 9095 Road 224, Terra Bella, CA 93270
10 acres with 9000 sq ft warehouse
APPRAISAL PENDING10 acres with 9000 sq ft warehouse
BROKER OPINION OF VALUE: $250,000.00
LOAN TERMS
Loan Amount: $70,150.00
Position: 1st
Interest: 11%
Term: 36 months
LTV: 28%
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: $70,150.00
Position: 1st
Interest: 11%
Term: 36 months
LTV: 28%
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: Mr. Pineda purchased this property in 2002, and it is owned free and clear. The warehouse is currently being rented for storage at $1500 per month. Mr. Pineda has been working for the same company for 28 years as a wholesale produce distributor.


