San Diego Duplex

San Diego Duplex

Property Address

3696 46th Street, San Diego, CA 92105
  • Loan Number: 7661
  • APN: 471-761-30-00
  • County: San Diego
  • Appraised Value: $310,000.00
  • Loan Amount: $205,000.00
  • Loan Position: 1st
  • Interest: 8.25%
  • LTV (Loan to Value): 67%
  • Term: 36 Months

Specifics

LOAN: #7661
SUBJECT PROPERTY: 3696 46th Street, San Diego, CA 92015
APN 471-761-30-00
3-bed/1-bath unit plus 1-bed/1-bath unit; 1244 total sq ft on a 5501 sq ft lot 
APPRAISED VALUE: $310,000.00
LOAN AMOUNT: $205,000.00
POSITION: 1st
INTEREST: 8.25%
TERM: 36 mos
LTV: 66%

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 of FHLC's with an excellent payment history. He owns the subject property free and clear, and will be using our loan proceeds to purchase additional real estate.  The property is currently leased for $2225 per mo. The borrower owns several rental properties and has credit scores in the 700's.