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Federal Trust Deed | Available Trust Deed Investments - Rental SFR #2 in Palmdale, CA
FUNDED!
LOAN: #6937
SUBJECT PROPERTY: 36420 Blacksmith Dr, Palmdale, CA 93550
Single Family Residence with 4 bed/2 bath, 1,687 sq ft with a 3-car garage, fireplace and alarm system.
Single Family Residence with 4 bed/2 bath, 1,687 sq ft with a 3-car garage, fireplace and alarm system.
APPRAISED VALUE: $140,000.00 (view appraisal)
PURCHASE PRICE: $135,000.00 (short-sale)
PURCHASE PRICE: $135,000.00 (short-sale)
LOAN TERMS
Loan Amount: $94,500.00
Position: 1st
Interest: 11%
Term: 24 months
LTV: 67.5% of the appraised 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: $94,500.00
Position: 1st
Interest: 11%
Term: 24 months
LTV: 67.5% of the appraised 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: Property was purchased as a short-sale; we have inspected it and found it to be in good condition. Borrower is putting 30% down and paying all closing costs. Will be marketed for rent at $2,000 per mo.
