Moreno Valley Rental SFR

Moreno Valley Rental SFR

Property Address

16281 Breezewood Court, Moreno Valley, CA 92551
  • Loan Number: 7713
  • County: Riverside
  • Appraised Value: $250,000.00
  • Loan Amount: $170,000.00
  • Loan Position: 1st
  • Interest: 10.25%
  • LTV (Loan to Value): 68%
  • Term: 48 Months

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Specifics

SUBJECT PROPERTY: 16281 Breezewood Court, Moreno Valley, CA 92551
6-bed/3-bath SFR; 2179 sq ft on a 6970 sq ft lot with attached 3-car garage.


APPRAISED VALUE:
$250,000.00
LOAN AMOUNT: $170,000.00

POSITION: 1st

INTEREST: 10.5%
TERM: 48 mos
LTV: 68%
 
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 recently inherited this rental SFR; our loan proceeds will go towards paying off the existing first as well as providing additional cash for improvements to the subject property. The current rental income is $1850 per mo.