Moreno Valley Commercial Property

Moreno Valley Commercial Property

Property Address

13960 Elsworth St, Moreno Valley, CA 92553
  • Loan Number: 7583
  • APN: 291-264-009
  • County: Riverside
  • Appraised Value: $575,000.00
  • Loan Amount: $120,000.00
  • Loan Position: 1st
  • Interest: 10.25%
  • LTV (Loan to Value): 21%
  • Term: 36 Months

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Specifics

LOAN #: 7583
SUBJECT PROPERTY: 13960 Elsworth St, Moreno Valley, CA 92553
APN # 291-264-009
Commercial building and self-service car wash on 19,166 sq ft commercially zoned lot. Commercial building is approx 2,400 sq ft with fenced lot in rear. 
APPRAISED VALUE: $575,000.00 
LOAN AMOUNT: $120,000.00
POSITION: 1st
INTEREST: 10.25%
TERM: 36 mos
LTV: 21% of 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:  The subject property is owned free and clear and is located just off a major Moreno Valley street (Alessandro Blvd). The owner currently operates the onsite car wash, and will be leasing out the commercial building to a new tenant in March.