- 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
- Specifics:
LOAN: #7546SUBJECT PROPERTY: 21 Acres of unimproved/vacant land in Murrieta, CAAPN 932-290-011-9APPRAISED VALUE: $180,000.00LOAN AMOUNT: $50,000.00POSITION: 1stINTEREST: 10.75%TERM: 36 mosLTV: 28%There is a late charge of 10% of the payment (after 10 days)There is no prepayment penalty on this loanThis loan contains a balloon paymentSPECIFICS: 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.
