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Trust Deed Investments | Available Trust Deed Investments - Rental Duplex in Morongo Valley, CA
FUNDED!
LOAN: #6961
SUBJECT PROPERTY: 49263 Paradise Ave , Morongo Valley , CA 92256
Duplex; both sides have 3-bed/2-bath
Duplex; both sides have 3-bed/2-bath
APPRAISED VALUE: $120,000.00 (view appraisal)
PURCHASE PRICE: $99,000.00
PURCHASE PRICE: $99,000.00
LOAN TERMS
Loan Amount: $69,300.00
Position: 1ST
Interest: 11%
Term: 36 months
LTV: 58% of 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: Home was previously sold in January 2009 for $163,000.00; our borrower is purchasing for $99,000.00. After this purchase is completed the owner will be marketing each side of the duplex for rent at $850 each/$1700 total per month.
Information Subject to Change
