San Diego SFR

San Diego SFR

Property Address

4910 Pacifica Drive, San Diego, CA 92109
  • Loan Number: 7685
  • County: San Diego
  • Appraised Value: $843,000.00
  • Purchase Price: $816,000.00
  • Loan Amount: $587,500.00
  • Loan Position: 1st
  • Interest: 9%
  • LTV (Loan to Value): 70%
  • Term: 24 Months

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Specifics

LOAN: #7685 

SUBJECT PROPERTY: 4910 Pacifica Drive, San Diego, Ca 92109 

4-bed/2-bath SFR; 1920 sq ft w/2-car garage on a 7900 sq ft lot

2 stories; fireplace; pool and spa 

APPRAISED VALUE: $843,000.00 

LOAN AMOUNT: $587,500.00
POSITION: 1st
INTEREST: 9%
TERM: 24 mos
LTV: 72% of the purchase price/70% of the 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 borrowers are real estate investors who will rehab the subject property and then most likely list it for sale. The property is being purchased in the name of an LLC; one of the LLC members is supplying funds for the purchase in the amount of $225k and will be placing a second on the property for that amount.