New SFR Construction in Big Bear City, CA

New SFR Construction in Big Bear City, CA

Property Address

1170 Alameda Road, Big Bear City, CA 92314
  • Loan Number: 7894K
  • APN: 2350-246-03
  • County: San Bernardino
  • Appraised Value: $565,000.00
  • Loan Amount: $370,000.00
  • Loan Position: 1st
  • Interest: 10.5%
  • LTV (Loan to Value): 65% of as-completed value
  • Term: 12 Months

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SUBJECT PROPERTY: 1170 Alameda Rd, Big Bear City, CA 92314 

New SFR construction; 3 bed/2-1/2 bath, 2025 sq ft w/deck and 2-car garage on a 7728 sq ft lot

APN: 2350-246-03   

APPRAISED VALUE: $565,000.00 
LOAN AMOUNT: $370,000.00
TERM: 12 mos
LTV: 65% of as-completed value 

There is a late charge of 10% of the payment (after 10 days)

There is no prepayment penalty on this loan

This loan is interest-only 


SPECIFICS:  This new construction of a single-story SFR is a spec home. Our borrower has a mid-FICO of 657; he is a previous client of FHLC with an excellent payment history.