Rental SFR in Lathrop, CA

Rental SFR in Lathrop, CA

Property Address

16788 Ore Claim Trail, Lathrop, CA 95330
  • Loan Number: 7562
  • APN: 191-380-62
  • County: San Joaquin
  • Appraised Value: $257,000.00
  • Loan Amount: $168,000.00
  • Loan Position: 1st
  • Interest: 11%
  • LTV (Loan to Value): 65%
  • Term: 36 Months

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Specifics

LOAN: #7562
SUBJECT PROPERTY: 16788 Ore Claim Trail, Lathrop, CA 95330
5-bed/3-bath SFR built in 2005; 2680 sq ft w/3-car garage on a 5662 sq ft lot 
APPRAISED VALUE: $257,000.00

LOAN AMOUNT: $168,000.00
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 refinancing the existing first mortgage on the property and paying the outstanding property taxes. The property is currently rented for $1650 per mo.