Rental SFR in La Mesa, CA

Rental SFR in La Mesa, CA

Property Address

5969 Amaya Drive, La Mesa, CA 91942
  • Loan Number: 7541
  • APN: 486-761-04-00
  • County: San Diego County
  • Appraised Value: $350,000.00
  • Loan Amount: $245,000.00
  • Interest: 10%
  • LTV (Loan to Value): 70%
  • Term: 36 Months

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Specifics

LOAN: #7541
SUBJECT PROPERTY: 5969 Amaya Drive, La Mesa, CA 91942
3-bed/2-bath SFR; 1554 sq ft w/2-car attached garage on a 9100 sq ft lot 
APPRAISED VALUE: $350,000.00 
LOAN AMOUNT: $245,000.00
POSITION: 1st
INTEREST: 10.25%
TERM: 36 mos
LTV: 70%

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 refinancing this investment property (owned by the family trust) to payoff an existing loan as well as provide payoffs to family members per the trust agreement. The property has been in the family for many years, and is leased for $1800 per mo.