- Property Address:
267 Stony Creek Rd, Big Bear Lake, CA 92315
- Loan Number:
7969K
- APN:
0311-511-37
- County:
San Bernardino
- Appraised Value:
$765,000 (as-completed)
- Loan Amount:
$496,250
- Loan Position:
1st
- Interest:
10.5%
- LTV (Loan to Value):
65% of as-completed value
- Term:
18 Months
- Specifics:
There is a late charge of 10% of the payment (after 10 days)There is no prepayment penalty on this loanThis loan is interest-only This loan contains a balloon paymentOur borrower has a 710 Equifax credit score, and will be marketing this single-story SFR for sale once construction is complete. We are paying off an existing land loan on the property, and will be utilizing Buildgiz for the fund control management of this project.
