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Trust Deed Investments | Available Trust Deed Investments - Premium Residential Lots in San Jacinto, CA
FUNDED!
LOAN: #6952 SUBJECT PROPERTY:
PURCHASE PRICE: $2,200,000.00
BROKER'S OPINION OF VALUE: $3,462,500.00
LOAN TERMS
Loan Amount: $1,600,000.00
Trust Deed Position: 1st
Interest: 11%
Term: 24 months
LTV: 73% of highly discounted purchase price/46% broker's opinion of 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.
Loan Amount: $1,600,000.00
Trust Deed Position: 1st
Interest: 11%
Term: 24 months
LTV: 73% of highly discounted purchase price/46% broker's opinion of 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.
Specifics: This property includes 151 finished residential lots and 164 blue-topped lots with a minimum lot size of over 8,000 sq ft. The final map has been recorded as to all 315 lots. The buyer/borrower is acquiring the subject property at a deep discount, paying only 25% of the sales price from Feb 2005 (when it had only a Tentative Tract Map and was unimproved), and is paying less than 10% of the investment made into the property to date by the seller (engineering, soils import, grading, in-tract and off-site infrastructure improvements, community park, perimeter wall, entry monuments, etc...).
Note: Pictures below include pictures of the development's model homes.
Note: Pictures below include pictures of the development's model homes.
Information Subject to Change
