San Jacinto Rental SFR

San Jacinto Rental SFR

Property Address

215 S. Vernon Ave, San Jacinto, CA 92583
  • Loan Number: 7723
  • APN: 437120059-7
  • County: Riverside
  • Appraised Value: $142,000.00
  • Loan Amount: $98,500.00
  • Loan Position: 1st
  • Interest: 10%
  • LTV (Loan to Value): 69%
  • Term: 60 Months

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Specifics

SUBJECT PROPERTY: 215 S. Vernon Ave, San Jacinto, CA 92583
2-bed/1-bath SFR at 1109 sq ft + 1-bed/1-bath studio on a 7843 sq ft lot 

APPRAISED VALUE:
$142,000.00
LOAN AMOUNT: $98,500.00

 

POSITION: 1st
INTEREST: 10%
TERM: 60 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 contains a balloon payment

 

SPECIFICS:  Our borrower is an existing FHLC client with a strong payment history. He is refinancing to obtain cash out for other real estate investments and has a mid-FICO of 672. The monthly rental income is $1,100.