Low LTV on Central Valley Vineyard Property

Low LTV on Central Valley Vineyard Property

Property Address

41821 Road 68, Dinuba, CA 93618
  • Loan Number: 7732
  • APN: 012-281-005
  • County: Tulare
  • Appraised Value: $225,000.00
  • Loan Amount: $57,000.00
  • Loan Position: 1st
  • Interest: 11%
  • LTV (Loan to Value): 25%
  • Term: 36 Months

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Specifics

SUBJECT PROPERTY: 41821 Road 68, Dinuba, CA 93618 

10.32 Acres of Vineyards w/income-producing dwellings

APN 012-281-005 (Tulare County)
 

APPRAISED VALUE: $225,000.00 

LOAN AMOUNT: $57,000.00

POSITION: 1st

INTEREST: 11%

TERM: 36 mos

LTV: 25%

 

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:  Our borrower has owned the subject property since 1979, and has a mid-FICO of 664.  Residential structures on the property generate $2030 in monthly income.  However, the appraisal and our LTV are based solely on the value of the land.