Rental SFR in Canyon Lake, CA

Rental SFR in Canyon Lake, CA

Property Address

23610 Newport Drive, Canyon Lake, CA 92584
  • Loan Number: 7544
  • APN: 350-263-039-7
  • County: Riverside
  • Appraised Value: $79,000.00
  • Loan Amount: $47,400.00
  • Loan Position: 1st
  • Interest: 11%
  • LTV (Loan to Value): 60%
  • Term: 36 Months

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Specifics

LOAN: #7544
SUBJECT PROPERTY: 23610 Newport Drive, Canyon Lake, C 92584
2-bed/2-bath SFR; 1275 sq ft and 2-car garage on a 5000 sq ft lot
APPRAISED VALUE: $79,000.00

                                             LOAN TERMS  

                                  LOAN AMOUNT: $47,400.00
                                            POSITION: 1st
                                            INTEREST: 11%
                                             TERM: 36 mos
                                                 LTV: 60%

                   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:  This property has been in our borrower's family for many years, and is currently rented for $875 per mo.