Perris, CA Modular Home

Perris, CA Modular Home

Property Address

167 San Luis Drive, Perris, CA 92571
  • Loan Number: 7519
  • County: Riverside
  • Appraised Value: $70,000.00
  • Purchase Price: $70,000.00
  • Loan Amount: $45,500.00
  • Loan Position: 1st
  • Interest: 11%
  • LTV (Loan to Value): 65%
  • Term: 36 Months

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Specifics

LOAN: #7519

SUBJECT PROPERTY: 167 San Luis Drive, Perris, CA 92571 

Manufactured home on permanent foundation

3-bed/2-bath; 1644 sq ft on a 5662 sq ft lot 

APPRAISED VALUE: $70,000.00   

PURCHASE PRICE: $70,000.00 (short-sale)


LOAN TERMS

 

LOAN AMOUNT: $45,500.00

POSITION: 1st

INTEREST: 11%

TERM: 36 mos

LTV: 65%

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 borrower is purchasing the subject property as a short-sale. He is putting 35% down and paying all closing costs.  The property will be leased for $800 per month.



                                                              Information Subject to Change