CHINO 41% LOAN TO VALUE 10% YIELD!!!
We just sold a $165,000 1st Purchase Money Trust Deed for a sweet updated home on a corner lot property in Chino, CA. The yield was 10.0% for 3 years, with 6 months interest guaranteed. This purchase loan was very attractive because of the low loan-to-value (41%), the borrower’s strong credit and down payment, and the quality of the neighborhood.
- Loan Request: $165,000
- Loan to Value: 41%
- Rate: 9.5%
- Yield: 10.o%
- Type of Property: SFR
- Term: 3 year
- Interest Guaranty: 6 mos.
- Full Appraisal Value: $403,000
- Condition of Property: Excellent
- Rental Income: $2300.00