San Diego/Rancho Bernardo Condo

San Diego/Rancho Bernardo Condo

Property Address

15283 Maturin Drive #67, San Diego, CA 92127
  • Loan Number: 7650
  • APN: 313-301-35-23
  • County: San Diego
  • Appraised Value: $320,000.00
  • Purchase Price: $240,000.00 (short-sale)
  • Loan Amount: $130,000.00
  • Loan Position: 1st
  • Interest: 8.25%
  • LTV (Loan to Value): 54% of the purchase price/41% of the appraised value
  • Term: 36 Months

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Specifics

LOAN: #7650
SUBJECT PROPERTY: 15283 Maturin Drive #67, San Diego, CA 92127
2-bed/2.5 bath; 1116 sq ft condominium built in 1995
APPRAISED VALUE: $320,000.00
PURCHASE PRICE: $240,000.00 (short-sale)
LOAN AMOUNT: $130,000.00
POSITION: 1st
INTEREST: 8.25%
TERM: 36 mos
LTV: 54% of the purchase price/41% 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 borrower is purchasing this investment property for $240k via a short-sale, and is bringing in over $120k to close this transaction. The property will be marketed for rent at $1800 per mo; HOA fees are $260 per mo.