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FUNDED!
LOAN: #6945
SUBJECT PROPERTY: 1708 E. Avenue Q6, Palmdale, CA 93550
Single Family Residence with 3-bed/1-bath, 1519 sq ft
Single Family Residence with 3-bed/1-bath, 1519 sq ft
VALUE: Appraisal Pending
PURCHASE PRICE: $57,900.00 See Specifics Below
PURCHASE PRICE: $57,900.00 See Specifics Below
LOAN TERMS
Loan Amount: $40,530.00
Position: 1st
Interest: 11%
Term: 36 months
LTV: 70%
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.
Position: 1st
Interest: 11%
Term: 36 months
LTV: 70%
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 is being purchased from a bank for $57,900.00. The original loan on the property was recorded for $273,700.00 in June 2007. We have inspected the property and found it to be in a nice neighborhodd and in good condition. Borrower is putting 30% down and paying all closing costs.
