- Loan Number: 7604
- County: San Diego
- Appraised Value: $185,000.00
- Purchase Price: $184,000.00
- Loan Amount: $128,800.00
- Loan Position: 1st
- Interest: 10.25%
- LTV (Loan to Value): 70%
- Term: 36 Months
SpecificsSUBJECT PROPERTY: 2920 Webster Ave, San Diego, CA 92113
3-bed/2-bath SFR, 1334 sq ft on a 7000 sq ft lot.
Zoning is R2, allowing for 2 residential units on this property.
APPRAISED VALUE: $185,000.00 (download appraisal)
PURCHASE PRICE: $184,000.00
LOAN AMOUNT: $128,800.00
TERM: 36 mos
LTV: 70% of purchase price
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 a local real estate broker, and is purchasing this property as in investment. He will be performing repairs/upgrades before marketing it for rent at $1250 per mo. The subject property last sold in 2003 for $575,000.