New Custom SFR in Big Bear City, CA

New Custom SFR in Big Bear City, CA

Property Address

1209 S. Minton Ave, Big Bear City, CA 92602
  • Loan Number: 7886
  • APN: 2350-062-22
  • County: San Bernardino
  • Appraised Value: $440,000.00
  • Loan Amount: $310,000.00
  • Interest: 9.5%
  • LTV (Loan to Value): 70%
  • Term: 24 Months

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Specifics

SUBJECT PROPERTY: 1209 S. Minton Ave, Big Bear City, CA 92602

New Custom SFR; 3-bed/2.5 bath; 1616 sq ft on a 8004 sq ft lot

APN: 2350-062-22 

APPRAISED VALUE: $440,000.00

LOAN AMOUNT: $310,000.00
POSITION: 1st
INTEREST: 9.5%
TERM: 24 mos (w/12-mo interest guarantee) 
LTV: 70%
 
There is a late charge of 10% of the payment (after 10 days)
This loan includes a balloon payment 
This loan is interest-only 

 

SPECIFICS:  Our borrower just completed this custom home and will be using it as an investment/rental property. He is a long-term client of FHLC with an excellent payment history and a mid-FICO of 684. There is a 12-mo interest guarantee on this loan.