Escrow closed April 15, 2019.
Maple, Morgan Hill, CA 95037
- New Purchase Large 4.06 Acre Morgan Hill Residential Parcel in Upscale Neighborhood
** Large $300k Down Payment + Low 45% Loan to Value + Strong Borrower **
Appraised Value: $658,000
Purchase Price: $599,000
New 1st Trust Deed: $299,000
Cash down payment: $300,000
Protective Equity: $359,000
Loan to Value: 45%
Term 2 Years with a 6 Month Prepayment Penalty
You NET: 10.50%
Borrower Credit Score: 680
Borrower is a Small Business Owner for the last 21 years. The family owns 2 homes in this area.
** Large $300k Down Payment + Low 45% Loan to Value + Strong Borrower **
Appraised Value: $658,000
Purchase Price: $599,000
New 1st Trust Deed: $299,000
Cash down payment: $300,000
Protective Equity: $359,000
Loan to Value: 45%
Term 2 Years with a 6 Month Prepayment Penalty
You NET: 10.50%
Borrower Credit Score: 680
Borrower is a Small Business Owner for the last 21 years. The family owns 2 homes in this area.