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Trust Deed Investments | Available Trust Deed Investments - Rental SFR #5 in San Bernardino
FUNDED!
LOAN: #6974
SUBJECT PROPERTY: 470 W. 16th St, San Bernardino, CA 92410
Single family residence, 2-bed/1-bath
APPRAISED VALUE: $90,000.00 (Nov 2009 - view appraisal)
LOAN TERMS
Loan Amount: $49,500.00
Position: 1st
Interest: 11%
Term: 36 months
LTV: 55% 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
Loan Amount: $49,500.00
Position: 1st
Interest: 11%
Term: 36 months
LTV: 55% 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 purchased as a short-sale in Sept 2008 for $85,000.00. Property is owned free and clear; owner will be using funds for additional investments. A complete remodel has been completed; the home is currently being rented for $1,000 per mo.
Information Subject to Change
