- Property Address:
37510 Oak Mesa Drive, Yucaipa, CA 92399
- Loan Number:
9277K
- Appraised Value:
$880,000.00 - (March 2022)
- Loan Amount:
$250,000.00
- Loan Position:
1st
- Interest:
10% Interest-Only
- LTV (Loan to Value):
29%
- Term:
18 Months
- Specifics:
New construction on an S.F.R 2 Story House is 7bd/4.5ba (3,451 sq. ft. lot zoning destination) The borrower purchased this property in 2018 for $150K, she owns the property free and clear and has paid for all permits and has started the foundation. The borrower is an owner-builder that is permit ready. The Construction Funds will be Fund Controlled with National Builders Control in the amount of $230K. There is a late charge of 10% of the monthly payment (after 10 days) This loan does not include a pre-payment penalty. This loan includes a Balloon Penalty
