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Canyon Lake Note For Sale 12% Return |
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| Item ID#: |
2174092 |
Seller Area: |
CA
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Views: |
21 |
| Seller ID#: |
692701 |
Item Location: |
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Expires: |
38 days |
| Price: |
$275000 |
Available To: |
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This loan is a $275,000 1st trust deed secured by a single family residence in Canyon Lake, CA 92587. The term is 1 year, the loan-to-value (LTV) ratio is 51% and the rate is 12.00%, yielding $2,750.00 in monthly interest payments during the term of the loan.
This property is a very desirable waterfront home. This deal is an investor purchase of an REO for $430,000, which had an original loan amount of $995,000. Should the borrower pay this loan off early, there is a 30-day interest prepay for the investor.
The recent broker opinion is $535,000.
The wealthy residents in this neighborhood, fled the city for the charms of waterfront living. These families of executives live in six-figure comfort, enjoying country club type sports like golf, tennis, and swimming as well as skiing, boating, and biking.
Considering the equity (51% LTV), a high-yield rate of 12%, and the desirable location, this looks like a reasonable investment risk. However, every first mortgage investment involves some financial risk, so call us now to find out if this loan is suitable for you.
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