Chula Vista Condo

Chula Vista Condo

Property Address

765 Paso De Luz, #132, Chula Vista, CA 91911
  • Loan Number: 7956
  • County: San Diego
  • Appraised Value: $270,000.00
  • Loan Amount: $81,000.00
  • Loan Position: 1st
  • Interest: 9%
  • LTV (Loan to Value): 29%
  • Term: 36 Months

Specifics

LOAN: #7956
SUBJECT PROPERTY: 765 Paso De Luz, #132, Chula Vista, CA 91911
2-bed/2 bath Condominium; 908 sq ft  w/patio and assigned parking
APN: 640-070-43-15

APPRAISED VALUE: $270,000.00
LOAN AMOUNT: $81,000.00
POSITION: 1st
INTEREST: 9%
TERM: 36 mos
LTV: 29% 

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 refinancing this rental property, currently owned free and clear, in order to obtain funds for another investment transaction.  They are existing clients of FHLC with an excellent payment history. The property is currently rented for $1,775 per mo.