Fully Amortized 1st TD in Modesto, CA

Fully Amortized 1st TD in Modesto, CA

Property Address

2328 Peppermint Drive, Modesto, CA 95355
  • Loan Number: 7645
  • APN: 067-027-045
  • County: Stanislaus
  • Appraised Value: $150,000.00
  • Loan Amount: $82,500.00
  • Loan Position: 1st
  • Interest: 9.75%
  • LTV (Loan to Value): 55%
  • Term: 60 Months

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Specifics

SUBJECT PROPERTY: 2328 Peppermint Drive, Modesto, CA 95355
3-bed/2-bath Remodeled SFR; 1064 sq ft w/2-car garage and pool on a 10,890 sq ft lot  
APPRAISED VALUE: $150,000.00
LOAN AMOUNT: $82,500.00
POSITION: 1st
INTEREST: 9.75%
TERM: 60 mos (fully amortized)
LTV: 55%

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

SPECIFICS:  Our borrower is refinancing this investment property she acquired via assumption in 2011. The property is currently rented for $1500 per mo. This loan is fully amortized; at the end of the loan term the loan will be paid in full and no additional payment will be due.