- Loan Number: 7700
- APN: 284-382-26
- County: Orange
- Appraised Value: $548,000.00
- Loan Amount: $372,500.00
- Loan Position: 1st
- Interest: 10%
- LTV (Loan to Value): 68%
SUBJECT PROPERTY: 2920 Birch Place, Fullerton, CA 92057
3-bed-2-bath SFR; 1296 sq ft on a 7405 sq ft lot. Pool + 2-car attached garage.
APPRAISED VALUE: $548,000.00
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 borrowers are refinancing this rental property recently inherited from their late mother, and will be buying out a family member as well as obtaining cash for investment purposes. The subject property is currently rented for $3300 per mo.