Rental Duplex in Taft, CA (Fully-Amortized)

Rental Duplex in Taft, CA (Fully-Amortized)

Property Address

120 Main Street, Taft, CA 93268
  • Loan Number: 7582
  • APN: 031-430-27-00
  • County: Kern
  • Appraised Value: $63,000.00
  • Loan Amount: $39,000.00
  • Loan Position: 1st
  • Interest: 11% (Fully Amortized Loan)
  • LTV (Loan to Value): 62%
  • Term: 60 Months

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Specifics

LOAN: #7582
SUBJECT PROPERTY: 120 Main St, Taft, CA 93268
1350 total sq ft duplex 
APN 031-430-27-00
APPRAISED VALUE: $63,000.00 
LOAN AMOUNT: $39,000.00
POSITION: 1st
INTEREST: 11%
TERM: 60 mos
LTV: 62%

There is a late charge of 10% of the payment (after 10 days)
There is no prepayment penalty on this loan
This loan is fully amortized 

SPECIFICS:  Our borrower purchased the subject property in 2005 for $110,000. It is currently rented for $1050 per month. The loan on this property will be fully amortized; at the end of the loan term the loan will be paid in full.