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Loan 3224 – 455 W Orange Ave Units A-E – El Centro, CA 92243
Property Address
455 W Orange Ave Units A-E - El Centro, CA 92243
Loan Number: 3224
Appraised Value: $469,000.00
Purchase Price: $469,000.00
Loan Amount: $328,300.00
Loan Position: 1st
Interest: 10%
LTV (Loan to Value): 70%
Term: 60 Months
Specifics
SPECIFICS: We have a repeat client that is purchasing this property. He is putting down over $150,000.00 to close. All the units are leased and earning $2,350.00 per month. He is planning to increase the leases accordingly. There is no prepayment penalty on this loan. This loan contains a balloon payment.
