We know that each customer has specific needs, so we strive to meet those specific needs with a wide array of products, investment tools, mortgages and best of all quality service and individual attention. To apply for a loan, please click here (Form 1003). Para el Web site Español, Chascar Aquí . Featured Opportunity
|
Subject Address: |
15302 Eastwood Ave. – Lawndale, CA |
|
Property Type: |
Single Family Residence |
|
Zoning: |
R2 |
|
Investment (Loan) Amount: |
$142,000 |
|
Term (Months): |
6 months |
|
Lien Position: |
2nd Trust Deed |
|
Interest Rate: |
12.99% |
|
Annual Percentage Yield: |
12.99% |
|
Monthly Payment: |
$1,539.56 |
|
Combined Loan to value: |
<60% |
|
Purpose: |
To complete final construction |
|
Security documents: |
Promissory Note/California Deed of Trust |
|
Exit Strategy: |
Refinance |
|
Fractionalized: |
Investor's Option |
|
Pre-Pay Penalty: |
3 Months |
|
Comments/Notes: |
Borrower's FICO 720+. Transaction source is from NXT close relation (licensed contractor) who will complete project. Final valuation for each new home is $500k for each unit. Borrowers have approximately $250K of own funds in project. |
![]() |
![]() |
![]() |