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Loan 3319 – 9680 Mendiboro – California City, CA 93505

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Property Address

9680 Mendiboro Road, California City, CA 93505

Loan Number: 3319

Appraised Value: $356,000.00

Loan Amount: $249,200.00

Loan Position: 1st

Interest: 11%

LTV (Loan to Value): 70%

Term: 36 Months

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Specifics

SPECIFICS: Construction of a SFR - 4bd, 2ba, 1731 sq ft with a 2-car garage. This is a construction loan for a repeat client with very high credit scores and excellent payment history. All funds will be held with La Mesa Fund Control and we will be approving all draw request and ordering necessary inspections.