SFR on 5 Acres in Temecula, CA

SFR on 5 Acres in Temecula, CA

Property Address

44930 Via Renaissance, Temecula, CA 92590
  • Loan Number: 7271
  • County: Riverside
  • Appraised Value: $950,000.00
  • Purchase Price: $890,000.00
  • Loan Amount: $578,750.00
  • Loan Position: 1st
  • Interest: 10.5%
  • LTV (Loan to Value): 65% of Purchase Price / 61% of Appraised Value
  • Term: 36 Months

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Specifics

6-bed/6.5 bath SFR; 6375 sq ft on 5 acres

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, a resident of the British Virgin Islands, is putting 35% down and paying all closing costs on this purchase. He will be spending $30,000+ to complete repairs on the property; after paying a down payment to the contractor the remaining funds will be held in an escrow acct.

                                                              Information Subject to Change