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other Towns & Cities! |  | Canyon Lake Note For Sale 12% Return |  | |  | | | Item ID#: | 2174092 | Seller City: | Anaheim | | Seller ID#: | 692701 | Seller County: | Orange | | Price: | $275000 | Seller ZIP : | 92807 | | Views: | 13 | Expires: | 44 days |
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This loan is a $275,000 1st trust deed secured by a single family residence in Canyon Lake, CA 92587. The term is 1 year, the loan-to-value (LTV) ratio is 51% and the rate is 12.00%, yielding $2,750.00 in monthly interest payments during the term of the loan.
This property is a very desirable waterfront home. This deal is an investor purchase of an REO for $430,000, which had an original loan amount of $995,000. Should the borrower pay this loan off early, there is a 30-day interest prepay for the investor.
The recent broker opinion is $535,000.
The wealthy residents in this neighborhood, fled the city for the charms of waterfront living. These families of executives live in six-figure comfort, enjoying country club type sports like golf, tennis, and swimming as well as skiing, boating, and biking.
Considering the equity (51% LTV), a high-yield rate of 12%, and the desirable location, this looks like a reasonable investment risk. However, every first mortgage investment involves some financial risk, so call us now to find out if this loan is suitable for you.
Link: http://www.trustdeedrealestateinvesting.com/subject-property-view-canyon-lake.html
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