Loan 3342 – 1718 North Crest Drive – Crescent City, CA 95531
Property Address
1718 North Crest Drive, Crescent City, CA 95531
Loan Number: 3342
Appraised Value: $610,000.00
Loan Amount: $340,000.00
Loan Position: 1st
Interest: 11%
LTV (Loan to Value): 56%
Term: 36 Months
Specifics
SPECIFICS: Our client is buying this property and coming in with approximately $140,000.00 to close. Our loan proceeds will be used for the balance of the purchase as well as rehab of the home and construction of a small storage facility. The money for construction will be impounded by La Mesa Fund Control. The proposed rental income is $5,775.00 per month.
