San Diego Fixer-Upper

San Diego Fixer-Upper

Property Address

1129 Evelyn St. San Diego, CA 92114
  • Loan Number: 7679
  • County: San Diego
  • Appraised Value: $230,000.00
  • Purchase Price: $218,500.00 *
  • Loan Amount: $153,000.00
  • Loan Position: 1st
  • Interest: 8.25%
  • LTV (Loan to Value): 70% of purchase price/67% of appraised value
  • Term: 36 Months

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Specifics

LOAN: #7679
SUBJECT PROPERTY: 1129 Evelyn St. San Diego, CA 92114
3-bed/2-bath SFR; 1700 sq ft on a 1/4 AC lot
APN 544-182-04-00
APPRAISED VALUE: $230,000.00
PURCHASE PRICE: $218,500.00 * 

LOAN AMOUNT: $153,000.00

POSITION: 1st

INTEREST: 8.25%

TERM: 36 mos

LTV: 70% of purchase price/67% of appraised value

 

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 FHLC client with an excellent payment history. He is purchasing this property as an investment and will be performing cosmetic upgrades and refurbishment before marketing for the property for sale.

 

* This is a short-sale purchase. The property was originally listed for $195k; however the bank would no longer accept that price once the appraisal identified the value as $230k.