San Clemente Acreage

San Clemente Acreage

Property Address

721 Avenida Columbo, San Clemente, CA 92672
  • Loan Number: 7707
  • APN: 690-521-04
  • County: Orange
  • Appraised Value: $1,025,000
  • Loan Amount: $312,500
  • Loan Position: 1st
  • Interest: 11%
  • LTV (Loan to Value): 30%
  • Term: 36 Months

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Specifics

LOAN: #7707

SUBJECT PROPERTY: 721 Avenida Columbo, San Clemente, CA 92672

25.96 Acres in San Clemente, CA; APN 690-521-04

APPRAISED VALUE: $1,025,000.00
LOAN AMOUNT: $312,500.00

POSITION: 1st
INTEREST: 11%
TERM: 36 mos
LTV: 30%

 

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:  The subject property has two different zonings, providing the potential for splitting into a number of low density residential sites. The owners are currently exploring the available options with the city. Our co-borrowers have 671 and 700 mid-FICO scores.