Chino Hills Lots

Chino Hills Lots
  • Loan Number: 7684
  • APN: 1000-073-30/31/32
  • County: San Bernardino
  • Appraised Value: $182,000.00 (combined)
  • Loan Amount: $91,000.00
  • Loan Position: 1st
  • Interest: 11.25%
  • LTV (Loan to Value): 50%
  • Term: 24 Months

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Specifics

LOAN: #7684
SUBJECT PROPERTY: Three contiguous lots in Chino Hills, CA 91709
APNs 1000-073-30/31/32; total sq footage 13,143
COMBINED APPRAISED VALUE: $182,000.00
LOAN AMOUNT: $91,000.00
POSITION: 1st
INTEREST: 11.25%
TERM: 24 mos
LTV: 50%

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:  The borrower intends to combine these three lots into a single parcel to allow for ground up construction of a single SFR.  Our borrower's primary residence is on an adjacent lot on Observation Lane.