Escrow closed March 10, 2017
San Jose, Higuera, CA 95148
Land Parcel
Land Parcel
1st Trust Deed 2.6-acre Land Purchase
Appraised Value: $450,000
New 1st Trust Deed: $269,000
Protective Equity: $181,000
Loan to Value: 59.7% Ltv
You Net: 9.5%
Term 2 Years with a 6-Month Pre Pay
Borrower is a seasoned developer
He is a successful Business Owner for the last 16 years.
The family also runs a Real Estate Development investment business in Silicon Valley with 2 other rental homes and a commercial building.
Appraised Value: $450,000
New 1st Trust Deed: $269,000
Protective Equity: $181,000
Loan to Value: 59.7% Ltv
You Net: 9.5%
Term 2 Years with a 6-Month Pre Pay
Borrower is a seasoned developer
He is a successful Business Owner for the last 16 years.
The family also runs a Real Estate Development investment business in Silicon Valley with 2 other rental homes and a commercial building.