Orange County Rental SFR

Orange County Rental SFR

Property Address

2920 Birch Place, Fullerton, CA 92057
  • 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%

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Specifics

LOAN: #7700
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

LOAN AMOUNT: $372,500.00
POSITION: 1st
INTEREST: 10%
TERM: 18 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 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.