San Diego Rental Condo

San Diego Rental Condo

Property Address

3050 Rue D'Orleans #279, San Diego, CA 92110
  • Loan Number: 7963
  • APN: 441-090-42-02
  • County: San Diego
  • Appraised Value: $310,000.00
  • Loan Amount: $214,000.00
  • Loan Position: 1st
  • Interest: 8.5%
  • LTV (Loan to Value): 69%
  • Term: 36 Months

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Specifics

SUBJECT PROPERTY: 3050 Rue D'Orleans #279, San Diego, CA 92110 

APN: 441-090-42-02

2-bed/1-bath condo; 861 sq ft w/balcony; shared pool and tennis amenities 

APPRAISED VALUE: $310,000.00 

LOAN AMOUNT: $214,000.00

POSITION: 1st

INTEREST: 8.50%

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 is partially amortized 

This loan contains a balloon payment

 

SPECIFICS:  Our borrower owns several units in this condominium complex, and is a repeat client of FHLC with an excellent payment history and a mid-FICO of 772. He is refinancing this investment property, currently owned free and clear, in order to complete a separate real estate transaction. The subject property has been rented to the current tenant for many years.