21 Acres in Murrieta, CA

21 Acres in Murrieta, CA

Property Address

Murrieta, CA
  • Loan Number: 7546
  • APN: 932-290-011-9
  • County: Riverside
  • Appraised Value: $180,000.00
  • Loan Amount: $50,000.00
  • Loan Position: 1st
  • Interest: 10.75
  • LTV (Loan to Value): 28%
  • Term: 36 Months

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Specifics

LOAN: #7546
SUBJECT PROPERTY: 21 Acres of unimproved/vacant land in Murrieta, CA
APN 932-290-011-9
APPRAISED VALUE: $180,000.00
LOAN AMOUNT: $50,000.00
POSITION: 1st
INTEREST: 10.75%
TERM: 36 mos
LTV: 28%

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:  Our borrowers have owned the subject property free and clear since 2000. Loan proceeds will be used to pay delinquent property taxes as well as provide cash-out.