Moreno Valley Rental SFR

Moreno Valley Rental SFR

Property Address

27308 Arla St, Moreno Valley, CA 92555
  • Loan Number: 7561
  • County: Riverside
  • Appraised Value: $260,000.00
  • Purchase Price: $262,000.00
  • Loan Amount: $165,000.00
  • Loan Position: 1st
  • LTV (Loan to Value): 63%
  • Term: 36 Months

Specifics

LOAN: #7561
SUBJECT PROPERTY: 27308 Arla St, Moreno Valley, CA 92555
5-bed/4-bath SFR; 3566 sq ft with a 2-car garage
APPRAISED VALUE: $260,000.00
PURCHASE PRICE: $262,000.00
LOAN AMOUNT: $165,000.00
POSITION: 1st
INTEREST: 11%
TERM: 36 mos
LTV: 63%

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 large home was built in 2003; our borrowers are purchasing it as an investment property and will be marketing it for rent at $2250 per mo.