Investment SFR in San Diego, CA

Investment SFR in San Diego, CA

Property Address

2415 Euclid Ave, San Diego, CA 92105
  • Loan Number: 7823
  • APN: 542-170-02-00
  • County: San Diego
  • Appraised Value: $585,000.
  • Purchase Price: $509,000.
  • Loan Amount: $382,000.
  • Loan Position: 1st
  • Interest: 9%
  • LTV (Loan to Value): 65% of Appraised Value
  • Term: 36 Months

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Specifics

SUBJECT PROPERTY: 2415 Euclid Ave, San Diego, CA 92105 

3-bed/2-bath SFR; 1274 sq ft on a 16,801 sq ft lot 

PURCHASE PRICE: $509,000.00
APPRAISED VALUE: $585,000.00
LOAN AMOUNT: $382,000.00
POSITION: 1st
INTEREST: 9%
TERM: 36 mos
LTV: 65% of the appraised value  

 

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:  This home was built in 1998; the property is on large lot zoned R1-7; there is an approved tentative map for an additional two lots with the City of San Diego. Our co-borrowers have credit scores of 826 and 845.