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1st Lien Wrap — Crandall, TX

Crandall, Kaufman County, TX

RAW

Overview

Fresh wrap on an owner-occupied land-home package. Borrower put 20% down, insurance and taxes escrowed.

Highlights

  • Owner-occupied
  • 20% down at origination
  • Full title policy

Deal specs

Lien position
1st lien
Unpaid principal
$198,400
Ask
$172,000
Coupon
10.50%
Yield to buyer
12.75%
Term / remaining
360 mo / 356 mo
Monthly P&I
$1,814
LTV at ask
78.00%
Seasoning
4 months
Pay history
4 of 4 on time

How this deal closes

  1. 1. You request the full package — financials, title, photos, terms.
  2. 2. Our deal desk sends a data room within one business day.
  3. 3. LOI or PSA drafted; earnest money to title.
  4. 4. Close at title company, wire funded, assignment/deed recorded.