Stockton Condo - Fully Amortized

Stockton Condo - Fully Amortized

Property Address

1553 Pyrenees Ave, #34, Stockton, CA 95210
  • Loan Number: 7571
  • County: San Joaquin
  • Appraised Value: $30,000.00
  • Purchase Price: $30,000.00 (short-sale)
  • Loan Amount: $19,500.00
  • Loan Position: 1st
  • Interest: 11% (Fully Amortized Loan)
  • LTV (Loan to Value): 65%
  • Term: 60 Months

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Specifics

LOAN: #7571
SUBJECT PROPERTY: 1553 Pyrenees Ave, #34, Stockton, CA 95210
1-bed/1-bath condo; 560 sq ft
APPRAISED VALUE: $30,000.00   
PURCHASE PRICE: $30,000.00 (short-sale)

LOAN AMOUNT: $19,500.00
POSITION: 1st
INTEREST: 11%
TERM: 60 mos
LTV: 65%

There is a late charge of 10% of the payment (after 10 days)
There is no prepayment penalty on this loan
This loan is fully amortized 

SPECIFICS:  Our borrower is purchasing this property "AS-IS" as an investment/rental, and will be putting in new flooring and fresh paint prior to renting it for $650 per mo. HOA fees for this property are $280 per mo. This loan is fully amortized; at the end of the loan term the loan will be paid in full.