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Loan 3236 – 1120 N. Ardmore Ave. – Los Angeles, CA 90029
Property Address
1120 N. Ardmore Ave. - Los Angeles, CA 90029
Loan Number: 3236
Appraised Value: $1,625,000.00
Loan Amount: $1,070,000.00
Loan Position: 1st
Interest: 11%
LTV (Loan to Value): 66%
Term: 24 Months
Specifics
SPECIFICS: This is a refinance transaction. Our client has great credit and will be leasing out the three units after some minor clean up and rehab. Two are already occupied. The projected rental income is $16,400.00 There is no prepayment penalty on this loan. This loan contains a balloon payment.
