Loan 3222 – 830 I St. – Los Banos, CA 93635
Property Address
830 I St. - Los Banos, CA 93635
Loan Number: 3222
Appraised Value: $650,000.00
Purchase Price: $600,000.00
Loan Amount: $350,000.00
Loan Position: 1st
Interest: 9.5%
LTV (Loan to Value): 58%
Term: 60 Months
Specifics
SPECIFICS: Our client is purchasing this property; he has excellent credit and is putting down over $250,000.00 down. They already own another restaurant and will be running and managing this one. The shops will be leased out for $1,500.00 each. There is no prepayment penalty on this loan. This loan contains a balloon payment.
