Laxford Road, Azusa

Borrower needs to payoff existing 2nd and stave foreclosure. Has new…

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    Loan Description

    Borrower needs to payoff existing 2nd and stave foreclosure. Has new tenants and states payments will be manageable going forward. Plenty of equity to refi or sell down the road.

    $75,000 2nd at 26% LTV
    9.49% Yield (10.99% note rate)
    6 month prepay penalty term
    3 year fixed interest only with a balloon

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      This process is to reserve your loan. Actual loan purchases will be conducted via bank transfer Dismiss