Rental SFR in Los Angeles East Hollywood Hills Neighborhood

Rental SFR in Los Angeles East Hollywood Hills Neighborhood

Property Address

3414 N. Knoll Drive, Los Angeles, CA 90068
  • Loan Number: 7535
  • APN: 057-250-001
  • County: Los Angeles
  • Appraised Value: $895,000.00
  • Purchase Price: $895,000.00
  • Loan Amount: $626,500.00
  • Loan Position: 1st
  • Interest: 11%
  • LTV (Loan to Value): 70%
  • Term: 36 Months

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Specifics

LOAN: #7535

SUBJECT PROPERTY: 3414 N. Knoll Drive, Los Angeles, CA 90068 

3-bed/3-bath SFR; approx 2226 sq ft w/2-car attached garage  

APPRAISED VALUE: $895,000.00 

PURCHASE PRICE: $895,000.00

LOAN TERMS

 

LOAN AMOUNT: $626,500.00

POSITION: 1st

INTEREST: 11%

TERM: 36 mos

LTV: 70%

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 located in the well-established neighborhood of East Hollywood Hills.  Our borrower is purchasing this as an investment, and will marketing the property for rent at $6500 per month.  He is bringing in over $300,000 cash towards the purchase.  The property has mountain views from several rooms and decks.