This is a purchase of 2 lots in Sacramento. The area is zoned for repurpose to commercial and light industrial. The buyers plan to act on this. They are buying 1849 and 1845 Reynolds Way for $600,000 and putting 50% Down. We have not completed an appraisal as this is a 50% Cash down purchase.
$300,000 1st at 50% LTV Purchase Loan
9.49% Yield (10.99% note rate)
6 month prepay penalty term
3 year fixed interest only with a balloon
This process is to reserve your loan. Actual loan purchases will be conducted via bank transfer Dismiss