Rental SFR in Long Beach, CA

Rental SFR in Long Beach, CA

Property Address

181 E. Pleasant Street, Long Beach, CA 90805
  • Loan Number: 7691
  • APN: 7133-003-016
  • County: Los Angeles
  • Appraised Value: $170,000.00
  • Purchase Price: $152,000.00
  • Loan Amount: $106,500.00
  • Loan Position: 1st
  • Interest: 8.75%
  • LTV (Loan to Value): 70% of purchase price/63% of appraised value
  • Term: 60 Months

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Specifics

LOAN: #7691

SUBJECT PROPERTY: 181 E. Pleasant St, Long Beach, CA 90805 

1-bed/1-bath SFR; 457 sq fto on a 2000 sq ft lot

PURCHASE PRICE: $152,000.00

APPRAISED VALUE: $170,000.00
LOAN AMOUNT: $106,500.00
POSITION: 1st
INTEREST: 9%
TERM: 60 mos
LTV: 70% of purchase price/63% of appraised value 

 

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 an existing FHLC client with an excellent payment history; he owns several rental homes and is purchasing this as an investment/rental as well.