LICENSED BY CALIFORNIA DEPARTMENT OF REAL ESTATE SINCE 1979
REAL ESTATE PRIVATE MONEY LOANS, TRUST DEED INVESTMENTS, NOTE COLLECTION SERVICES, AND BEYOND
I'm a title. Click here to edit me
LOAN # 14080
LOAN REQUEST: $175,000
INTEREST RATE: 11%
TERM: 12 MONTHS
The security for this loan is a 3 bedroom, 3 bathroom, 1913 sq. ft. home on .2709 acres in the Santa Rosa Oaks subdivision off S. Wright Road. It is 2 stories, zoned RR3, built in 1947, has well water and city sewer and has 1 garage on the lot.
According to public records, it has a composition shingle roof, raised foundation and wall heating system. This property was purchased at auction by the borrower who was unable to gain access to the interior of the house, as it is currently tenant occupied. Borrower is currently in negotiations to vacate the tenant and then plans renovate the property and remarket for approximately $350,000. Broker’s conservative value of this property is based upon the purchase price of $268,000.
Estimated Value $268,000
Loan Request $175,000
LTV: 65% Security $ 93,000