Residential Lot in Temecula, CA

Residential Lot in Temecula, CA

Property Address

0 Finn Circle, Temecula, CA 92592
  • Loan Number: 7772
  • APN: 951-040-007
  • County: Riverside
  • Appraised Value: $290,000.00
  • Loan Amount: $150,000.00
  • Loan Position: 1st
  • Interest: 10%
  • LTV (Loan to Value): 52%
  • Term: 12 Months

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Specifics

SUBJECT PROPERTY: 0 Finn Circle, Temecula, CA 92590
2.33 Acres, zoned residential vacant land; APN 951-040-007   

APPRAISED VALUE:
$290,000.00

LOAN AMOUNT: $150,00.00
POSITION: 1st
INTEREST: 10.00%
TERM: 12 mos
LTV: 52%
 
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 
 
SPECIFICS:  Our borrower and his son own the subject property in the name of their LLC; the father is the managing member and his mid-FICO is 719. They plan on performing road and lot improvements to prepare the property for future development of an SFR.  The lot is in an area commonly referred to as "Temecula Wine Country".