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Loan 3303 – 1506 Mariposa Road- Stockton, CA 95205
Property Address
1506 Mariposa Road, Stockton, CA 95205
Loan Number: 3303
Appraised Value: $900,000.00
Loan Amount: $595,000.00
Loan Position: 1st
Interest: 10%
LTV (Loan to Value): 66%
Term: 60 Months
Specifics
SPECIFICS: This is a purchase transaction. Our client is coming in with over $250,000.00 in order to close. The property will be used as a rental for income purposes once some minor rehab is completed to convert the 22-unit hotel into apartments. We are handling a hold back for the construction and will be completing draws and inspections.
