Fully Amortized 1st TD - French Camp SFR

Fully Amortized 1st TD - French Camp SFR

Property Address

285 E. Seventh Street, French Camp, CA 95231
  • Loan Number: 7616
  • APN: 193-130-15
  • County: San Joaquin
  • Appraised Value: $85,000.00
  • Loan Amount: $54,000.00
  • Loan Position: 1st
  • Interest: 10%
  • LTV (Loan to Value): 64%

View Appraisal

Download

Specifics

SUBJECT PROPERTY: 285 E. Seventh St, French Camp, CA 95231
3-bed/1-bath SFR; 1122 sq ft w/a 2-car attached garage on a 6000 sq ft lot

APPRAISED VALUE:
$85,000.00
LOAN AMOUNT: $54,000.00
POSITION: 1st
INTEREST: 10%
TERM: 72 mos (fully amortized)
LTV: 64%
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 borrowers are existing clients with an excellent payment history; they are refinancing this investment property since the loan is reaching its maturation date. The property was originally purchased as an REO in 2010 for $61,500, and is currently rented for $850 per mo. This loan is fully amortized; at the end of the 72-month term the balance owed will be zero and the loan will be paid in full.