|Address||Type||Amount of Loan||Priority||Annual Return||Term||Loan to Value|
|11174 & 11180 Crane St.|
Castroville, CA 95012
|Borrower is putting up as collateral 2 separate improved properties with a total Market Value of $ 457,500.
11174 is a 4 bedrooms 2 bath home. Approximately 1,762 sq. ft. Fair maket rent is $1,800 per month.
11180 is a 4 bedroom, 2 bath manufactured home. Approximately 1,421 sq. ft. Currently rented for $1,500 per month.
Properties combined would have an estimated negative monthly cash flow of $58.26 per month, after subtracting the interest payment, property taxes and insurance.
Applicant has 10 year employment with Central Coast Cooling Inc. as a Human Resources Manager.
Borrower has a mid FICO score of 716.