Escrow closed 4/22/2022.
El Sobrante, Santa Rita, CA 94803
New 2nd Trust Deed Remodeled SFH Refinance Deal
Full Parcel Nice Backyard
Appraised Value: $1,400,000
New 2nd Trust Deed: $249,000 (1st is $662,000 at 3.35%)
Protective Equity: $489,000
Loan to Value: 65% CLTV
You NET: 11.0%
Term 2 Year with 6 month prepayment penalty
Rented for $7,500 per Month
Borrower Credit: 652 Mid
Borrower is a owner of 2 Small Business Owner for the last 26 years. The family owns another luxury homes in the local area and a commercial property in the county.
Full Parcel Nice Backyard
Appraised Value: $1,400,000
New 2nd Trust Deed: $249,000 (1st is $662,000 at 3.35%)
Protective Equity: $489,000
Loan to Value: 65% CLTV
You NET: 11.0%
Term 2 Year with 6 month prepayment penalty
Rented for $7,500 per Month
Borrower Credit: 652 Mid
Borrower is a owner of 2 Small Business Owner for the last 26 years. The family owns another luxury homes in the local area and a commercial property in the county.