First Trust Deed In Perris/Lake Matthews Ca. Pays 10.5% interest
Here is a first trust deed in an unincorporated area near Perris and Lake Mathews.
It’s a 2 on 1. The main house is 2608 Sq, 4 br 2 bath, 3 car garage
The guest is 2br 1ba and 1047 Sq ft. All on 2 acres. All the houses in this sub division are like this. (I was told there are 110 in this subdivision and 90 something like this near here)
Here is the video
The buyer is putting down 30% of the purchase price of $589,000. It recently appraised at $615,000. Non owner occupied. Buyer mid credit score is 601.
Loan amount $412,300
Interest paid 9.99%
6 month minimum
Pays 1/2 point upon closing
2 year term.
For more on private money loans in San Diego, call George at 619-987-8639