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Federal Trust Deed | Available Trust Deed Investments - 38.55 Combined Acres in the Central Valley, CA
JUST RENEWED - EXTREMELY LOW LTV!
3 Vacant lots in the Central Valley, with a 12-month interest-only loan just renewed.
LOAN: #6632
SUBJECT PROPERTIES: - PROPERTY 1: 4.9 acres; vacant lot in Lemoore, CA 93245. Kings County. NW corner of Iona Ave and Vine St. APN 023-170-005. Original appraisal $645,000.00 (May 2007). 1st position.
- PROPERTY 2: 7.85 acres; vacant lot in Avenal, CA. Kings County. APN 038-360-29. Broker's estimated value $230,000.00. 2nd position.
- PROPERTY 3: 25.8 acres; vacant lot in Huron, CA. Fresno County. APN 075-032-42S. Original appraisal $2,800,000.00 (Dec 2006). 1st position.
LOAN TERMS
Loan Amount: $200,000.00
Interest: 11%
Term: 12 months
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: $200,000.00
Interest: 11%
Term: 12 months
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: This is an interest-only loan, just renewed for 12 months (effective 10/1/2009).
Information Subject to Change
