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 Equity Analysis
Appraised Value/Realtor/For Sale $475,000
First TD Loan amount $120,000
Protective equity 75%
Loan-to-value ratio Appraised Value 25%
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Terms
Terms of Investment 3 years
Current Interest Rate 12.5%
Repayment Schedule Interest Only
Monthly Payment $ 1,250.00
Frequency of payment change n/a
Current balance on the note $120,000.00
Maturity date 36 months
Balloon pmt. after 36 mos.approx. $120,000.00
Interest Paid 36 mos. approx. $45,000.00
Late charge. mo/amount $125.00
Prepayment penalty n/a
*Less Loan Servicing Charges
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Borrowers
Name(s) Married
Net worth (est) $1 million
Occupation Owner Builder
Credit Excellent
Employment Income Investment
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Investment Information
Gold Country Commonwealth, LLC
www.goldcountrycommonwealth.com
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Property Specifics
This is a five acre view parcel located in Vallecito Estates, a gated communtiy. The area is in a renowned wine growing region in the Calaveras County. The parcel has all utility hookups, water, paved road, septic system, power on site to build amoung the farietal grape vineyards.
The private development consists of eight homes each on five acre parcels wtih a potion of vineyard land and view of seasonal pond and twisted oaks. The property has completed plans for a 5,00 sqft home including wine celler.
The economic base of Calaveras County is growing with agricultural vineyards, cattle ranching, but essentially a bedroom community. Vallecito still maintains a quaint historic gold rush era towns and is located between downtown Murphys and the community of Angles Camp. Tourism and wine tasting are big industry for the county.
In our experience, borrowers will do their utmost to keep the equity in a property especially when party’s to the loan have capacity to maintain the payments. The owner has other properties, the borrowers do not want to lose the equity in this property and have the assets to cover the payment if necessary.
The borrower has been in the construction and home design business for twenty years. The borrowers in my discussions with the bank manager at Pacific State Bank indicated they have never missed a payment on their four loans with the bank. The borrowers are unable to acquire bank financing for this type of property due to the new changes in regulations that have hit the financing industry.
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