Bonita Rental SFR

Bonita Rental SFR

Property Address

3714 Cienega Drive, Bonita, CA 91912
  • Loan Number: 7947
  • County: San Diego
  • Appraised Value: $549,000.00
  • Loan Amount: $385,000.00
  • Interest: 9%
  • Term: 36 Months

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SUBJECT PROPERTY: 3714 Cienega Drive, Bonita, CA 91912
3-bed/2 bath SFR; 1888 sq ft  w/pool, spa, and solar on a 24,497 sq ft lot
APN: 591-181-02-00
APPRAISED VALUE: $549,000.00 
PURCHASE PRICE: $549,000.00 (short-sale)
LOAN AMOUNT: $385,000.00
TERM: 36 mos
LTV: 70%

There is a late charge of 10% of the payment (after 10 days)
There is no prepayment penalty on this loan
This loan is partially amortized
This loan contains a balloon payment

SPECIFICS:  Our co-borrowers are existing clients of FHLC with an excellent payment history. They are putting 30% down and paying all closing costs on this purchase transaction. The property will be marketed for rent in the $4,000 per month price range.