Rental SFR in Imperial, CA

Rental SFR in Imperial, CA

Property Address

619 North F Street, Imperial, CA 92251
  • Loan Number: 7762
  • APN: 063-182-002
  • County: Imperial
  • Appraised Value: $82,000.00
  • Loan Amount: $45,000.00
  • Loan Position: 1st
  • Interest: 10.5%
  • LTV (Loan to Value): 55%
  • Term: 36 Months

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Specifics

SUBJECT PROPERTY: 619 North F Street, Imperial, CA 92551 

804 sq ft SFR; 2-bed/1-bath plus carport on a 7500 sq ft lot

APN 063-182-002 


APPRAISED VALUE:
$82,000.00 
LOAN AMOUNT: $45,000.00
POSITION: 1st
INTEREST: 10.5%
TERM: 36 mos
LTV: 55%
 
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 currently owns the subject property free and clear, and will be using the loan proceeds to start a small business. The property is rented for $750 per mo.