Escrow closed 11/26/18.
Alameda, Lincoln, CA 94501
**New Refinance Luxury Newer Duplex Rental Home + LOW Combined Loan to Value + Great Rental Income**
Appraised Value: $1,020,000
New 2nd Trust Deed: $99,000 (1st is $612,000 at 4.5%)
Protective Equity: $309,000
Loan to Value: 69% CLTV
You NET: 11.0%
Term 2 Year with 6 month pre-pay
Rented for $5,000 per Month
Borrower Credit: 787/765/763
Borrower is a Small Business Owner for the last 19 years. The family owns another 4 homes and 2 shopping centers in the local area and multiple properties in Asia.
Appraised Value: $1,020,000
New 2nd Trust Deed: $99,000 (1st is $612,000 at 4.5%)
Protective Equity: $309,000
Loan to Value: 69% CLTV
You NET: 11.0%
Term 2 Year with 6 month pre-pay
Rented for $5,000 per Month
Borrower Credit: 787/765/763
Borrower is a Small Business Owner for the last 19 years. The family owns another 4 homes and 2 shopping centers in the local area and multiple properties in Asia.