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Loan 3253 – Highway 94 – Jamul, CA 91917
Property Address
Highway 94, Jamul, CA 91917
Loan Number: 3253
Appraised Value: $1,457,000.00
Loan Amount: $960,000.00
Loan Position: 1st
Interest: 12%
LTV (Loan to Value): 66%
Term: 36 Months
Specifics
SPECIFICS: This is a repeat client for Salas Financial. He has a good payment history with us. All the construction funds will be held in an outside fund control company and the check requests will come through Salas for final approval. We will require inspections throughout the project. We have 3 months worth of pre-paid interest.
