San Diego Condominium

San Diego Condominium

Property Address

3050 Rue Dorleans #355, San Diego, CA 92110
  • Loan Number: 7654
  • APN: 441-090-4128
  • County: San Diego
  • Appraised Value: $280,000.00
  • Loan Amount: $193,000.00
  • Loan Position: 1st
  • Interest: 8.5%
  • LTV (Loan to Value): 69%
  • Term: 36 Months

Specifics

LOAN: #7564
SUBJECT PROPERTY: 3050 Rue Dorleans Ave, #355, San Diego, CA 92110
2-bed/1-bath Condo; 862 sq ft w/covered parking
Complex includes swimming pool and spa, tennis courts, volleyball courts, clubhouse and gym
APN 441-090-4128 

APPRAISED VALUE: $280,000.00
LOAN AMOUNT: $193,000.00
POSITION: 1st
INTEREST: 8.5%
TERM: 36 mos
LTV: 69%

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 client with a good payment history who owns several rental properties. His mid FICO is 754, and he is refinancing this existing FHLC loan and taking cash out for business purposes. The unit is rented for $1650 per mo, and HOA fees are $340 per mo. This is one of the larger floor plans in the complex, and the unit offers views of the gardens and tennis courts.