Loan #3179 – 1034 S. 8th St El Centro, CA 92243
Property Address
1034 S. 8th St El Centro, CA 92243
Loan Number: 3179
Appraised Value: $150,000.00
Purchase Price: $170,000.00
Loan Amount: $105,000.00
Loan Position: 1st
Interest: 9.5%
LTV (Loan to Value): 70% based off the value, the purchase price is $20,000.00 higher.
Term: 24 Months
Specifics
This is a purchase transaction and a repeat client for Salas Financial. The condo will be used as an AirBNB. He owns another in Holtville and is used for the same purpose.
