Menifee Purchase TD 44% Loan to Value!
We just sold a $180,000 1st Purchase Money Trust Deed for a beautiful upgraded horse property on two acres in Menifee, CA. The yield was 10.28% for 3 years, with 6 months interest guaranteed. The Executive Home was full of upgrades with a stunning yard, gazebo and pool. This purchase loan was very attractive because of the low loan-to-value 44%, the borrower’s strong credit and down payment, and the quality of the neighborhood.
- Loan Request: $180,000
- Loan to Value: 44%
- Rate: 9.5%
- Yield: 10.28%
- Type of Property: SFR
- Term: 3 year
- Interest Guaranty: 6 mos.
- Full Appraisal Value: $412,000
- Condition of Property: Excellent
- Rental Income: $3000.00