Bay Area/Contra Costa County Acreage

Bay Area/Contra Costa County Acreage

Property Address

4290 Morgan Territory Road, Clayton, CA 94517
  • Loan Number: 7917
  • APN: 080-170-022-0
  • County: Contra Costa
  • Appraised Value: $350,000.00
  • Purchase Price: $350,000.00
  • Loan Amount: $175,000.00
  • Loan Position: 1st
  • Interest: 10.25%
  • LTV (Loan to Value): 50%
  • Term: 36 Months

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Specifics

LOAN: #7917
SUBJECT PROPERTY: 4290 Morgan Territory Road, Clayton, CA 94517
APN 080-170-022-0
5-Acre parcel with electric and water at street/gated entrance

PURCHASE PRICE: $350,000.00
APPRAISED VALUE: $350,000.00
LOAN AMOUNT: $175,000.00
POSITION: 1st
INTEREST: 10.25%
TERM: 36 mos (interest-only)
LTV: 50%

There is a late charge of 10% of the payment (after 10 days)
This loan is interest only  

SPECIFICS:  Our borrowers (husband and wife) own a neighboring parcel, and have plans to potentially develop the subject parcel as a vineyard. Zoning will allow for a single SFR as well.