Brief Overview Loan Purpose: This is a 2nd Trust Deed loan on a non-owner-occupied property in La Quinta, CA. The borrower sought funds to bring their existing first mortgage current and to complete needed repairs on their rental property. The existing first trust deed with Kinecta Federal Credit Union has a balance of $846,432 with…
Real estate investor and previous successful Mortgage Vintage borrower was seeking a cash-out 1st TD to make upgrades to the same subject property and purchase another investment property. Property is a traditional 1-story, 5 bdrm/4ba SFR located in La Quinta, just east of Palm Desert. The Property measures 3,121 sf of gross living area and…
La Quinta, CA Download Recent Transaction – $60,000.00 Business Purpose Cash Out – La Quinta, CA Property / Loan Information Property Type Single Family Residence Lien Position 1st TD Loan Amount $60,000 Broker Price Opinion (BPO) $470,000 Occup Non Owner Occ. Lender Rate 9.00% LTV on Appraisal 12.77% Loan Type Business Purpose Cash Out Amortization Interest Only…
La Quinta, CA recent-transaction-1st-td-business-purpose-cash-out-loan-funded-la-quinta-ca Loan Type Business Purpose Cash-Out Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $211,250 Lender Est. Value $325,000 Occup. Non-Owner Lender Rate 9.25% LTV on Lender Est. Value 65.00% Amortization Interest Only Due in 36 mos. (Balloon) Borrower…
La Quinta, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $302,250 Purchase Price $465,00 Occup Non-Owner Occ. Interest Rate 10.75% LTV on Purch. Price 70.00% Loan Type Rental Purchase Amortization 30 Year amort/due in 12 months Guaranteed Interest 3 months Loan Scenario: Real Estate Investor,…