LOAN PURPOSE Borrower sought a Business Purpose cash-out 2nd Trust Deed loan on their owner-occupied single-family residence located at 569 S. Fenimore Ave., Covina, CA. Proceeds will be used to renovate an investment property located at 1211 Stringer Ave., Los Angeles, CA a single-family home featuring 2 bedrooms and 1 bathroom, encompassing 754 square feet…
Covina, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $2.0Mil Purchase Price $5.0Mil Occup Non-Owner Occ. Interest Rate 11.50% LTV on Purch Price 40.00% Loan Type Business Purpose Cash-Out Amortization Interest Only due in 24 mos. Guaranteed Interest 6 months Loan Scenario: 673 Mid FICO and Real Estate Investor looking…
Covina, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $715,000 Purchase Price $1.1Mil Occup Non-Owner Occ. Interest Rate 10.50% LTV on Purch. Price 65.00% Loan Type Rental Purchase Amortization Interest Only due in 24 mos. Guaranteed Interest 6 months Loan Scenario: 673 Mid FICO and Real Estate Investor purchasing this SFR…
Covina, CA – Funding Now Download Full Summary – Covina, CA Property / Loan Information Property Type SFR Lien Position 1st Trust Deed Trust Deed Amount $750,000 Appraised Value $1.2Mil Amortization and Term Interest Only due in 2 years LTV on Appraised Value 59.58% Loan Type Rental Purchase Occupancy Non-Owner Occupied Rate for Investor 9.50% Loan Maturity 11/01/2016