Escrow closed 12/22/2020.

Antioch, Stonecrest, CA 94531

- New Refinance Large Single Family Rental Home - HOT Bay Area Market

New 1st Trust Deed: $422,000
Appraised Value: $605,000
Protective Equity: $183,000
Loan to Value: 69% Ltv
You NET: 9.00%
Term 2 Years with 6 month pre-pay
Rented For $4,300 per Month
Borrower Credit: 681
Borrower is using funds to pay a current note that come due.
Borrower lives in Santa Clara and is a seasoned technology worker as a Senior Application Engineer.
The borrowers family also owns another 2 rental homes in the local market.