- Property Address:
588 Ann Street El Cajon, CA
- Loan Number:
#9326
- APN:
489-010-07-00
- County:
San Diego
- Appraised Value:
$685,000.00 Sept. 2022
- Loan Amount:
$445,000.00
- Loan Position:
1st
- Interest:
10.25%
- LTV (Loan to Value):
65%
- Term:
36 Months
- Specifics:
DESCRIPTION OF PROPERTY: S.F.R 5 bd. 2 ba 1,642 sq. ft on a 6,200-sf ft. lot, with converted garage completed in a professional workman like matter SPECIFICS: Borrower is an existing client of FHLC that has paid off a couple of loans in the previous years. They are refinancing this rental property because the loan has matured and it was used as additional security on an existing investment loan that is currently in foreclosure. Our pay off is a combined amount of $600K+/- plus closing cost and borrower is paying the shortage of approx. $220K into our escrow. The property is leased for rental income of $3,200.00 a month. Mid Fico 643
