No Hills Rental Condo

No Hills Rental Condo

Property Address

8840 Burnet Ave, #7, North Hills, CA 91343
  • Loan Number: 7087
  • Appraised Value: $190,000.00
  • Purchase Price: $176,000.00
  • Loan Amount: $91,000.00
  • Loan Position: 1st
  • Interest: 11%
  • LTV (Loan to Value): 52% of Purchase Price / 48% of Appraised Value
  • Term: 60 Months

Specifics

3-bed/2.5-bath, 1653 sq ft condo (HOA $280 per mo)

There is a late charge of 10% of the payment (after 10 days)
There are no prepayment penalties on these loans
These loans contain a balloon payment

Borrower is putting 48% down and paying all closing costs. Property will be marketed for rent at $1200 to $1300 per mo.
 
Information Subject to Change