SoCal Residential Parcel at 30% LTV

SoCal Residential Parcel at 30% LTV

Property Address

SoEast corner of Cole Rd and Clinton Ave, Calexico, CA 92231
  • Loan Number: 7619
  • APN: 059-455-001
  • County: Imperial
  • Appraised Value: $500,000.00
  • Loan Amount: $150,000.00
  • Loan Position: 1st
  • Interest: 11%
  • LTV (Loan to Value): 30%
  • Term: 36 Months

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Specifics

SUBJECT PROPERTY: 2.07 AC R-3 lot (residential multi-family)  
Located at the SoEast corner of Cole Rd and Clinton Ave in Calexico, CA 92231  
APN 059-455-001  

APPRAISED VALUE: $500,000.00 
LOAN AMOUNT: $150,000.00
POSITION: 1st
INTEREST: 11%
TERM: 30 mos
LTV: 30%

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:  The subject property is surrounded by newer single family and multi-family homes as well as commercial properties on a major east/west thoroughfare (Cole Road) in Calexico.