Recent Transaction in Tustin, CA – Business Purpose Purchase

Property / Loan Information
Property Type Single Family Residence
Lien Position  1st TD
Loan Amount $981,750
Appraised Value $1,305,900
Occup Non-Owner Occ.
Lender Rate 9.50%
LTV on Purchase Price 75.17%
Loan Type Business Purpose Purchase
Amortization Interest Only Due in3 years
Guaranteed Interest 6 months




Loan Scenario:

666 FICO Borrower and Real Estate Finance Professional purchased this beautiful brand new Single Family Residence in the new Stafford at Greenwood development in Tustin as a real estate investment.

Subject Property is the Harrison Model featuring 3,961 s.f. with 4 bedrooms + guest suite, office, bonus, 4.5 baths, Panoramic Style Doors, and Fireplace in Legacy Room, covered deck, 2-car garage plus storage.  Purchase Price is $1.3059 Mil. 12/4/15 completed BPO placed the property value at $1.50 Million.