Rental SFR in Montclair, CA

Rental SFR in Montclair, CA

Property Address

9775 Geneva Ave, Montclair, CA 91763
  • Loan Number: 7962
  • APN: 1010-012-02
  • County: San Bernardino
  • Appraised Value: $455,000.00
  • Loan Amount: $280,000.00
  • Loan Position: 1st
  • Interest: 9.5%
  • LTV (Loan to Value): 61%
  • Term: 36 Months

View Appraisal

Download

Specifics

SUBJECT PROPERTY: 9775 Geneva Ave, Montclair, CA 91763 4-bed/2-1/2 bath SFR; 1902 sq ft on a 7240 sq ft lot 

APN: 1010-012-02 (San Bernardino Co) 

APPRAISED VALUE: $455,000.00

LOAN AMOUNT: $280,000.00

POSITION: 1st

INTEREST: 9.5%

TERM: 36 mos

LTV: 61%

 

There is a late charge of 10% of the payment (after 10 days)

There is no prepayment penalty on this loan

This loan is partially amortized 

This loan contains a balloon payment

 

SPECIFICS:  Our borrowers are refinancing this rental-investment property in order to perform some improvements as well as complete another investment transaction. They are repeat clients of FHLC with a strong payment history. They currently own this property free and clear, and their mid-FICO scores are 743 and 750. The subject property currently rents for $2,500.