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Trust Deed Investments | Available Trust Deed Investments - Rental SFR #6 in San Bernardino
FUNDED!
LOAN: #6975
SUBJECT PROPERTY: 1356 North Lugo, San Bernardino, CA 92410
Single Family Residence, 4-bed/2-bath, 1,504 sq ft w/detached garage
APPRAISED VALUE: $120,000.00 (Nov 2009 - view appraisal)
LOAN TERMS
Loan Amount: $45,000.00
Position: 1st
Interest: 11%
Term: 36 months
LTV: 37.5% 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: $45,000.00
Position: 1st
Interest: 11%
Term: 36 months
LTV: 37.5% 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 September 2008 for $80,000.00. Property is owned free and clear; owner will be using funds for additional investments. A remodel has been completed; property is being rented for $1500 per mo.
Information Subject to Change
