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Federal Trust Deed | Available Trust Deed Investments - Rental SFR #7 in San Bernardino
FUNDED!
LOAN: #6976
SUBJECT PROPERTY: 1897 Sierra Way, San Bernardino, CA 92410
Single Family Residence, 4-bed/2-bath, 1,504 sq ft; 2-car garage and swimming pool
APPRAISED VALUE: $125,000.00 (Nov 2009 - view appraisal)
LOAN TERMS
Loan Amount: $50,000.00
Position: 1ST
Interest: 11%
Term: 36 months
LTV: 40% 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: $50,000.00
Position: 1ST
Interest: 11%
Term: 36 months
LTV: 40% 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 $83,472.00. Property is owned free and clear; owner will be using funds for additional investments. A remodel has been completed; the home is currently rented for $1,500 per mo.
Information Subject to Change
