Antelope Valley, California Funded Loan

Property Type: Single Family Residence

Lien Position: 1st Trust Deed

Loan Amount: $147,000.00

Appraised Value: $215,000.00

LTV: 68%

Loan Rate: 10.99%

Loan Type: Business Purpose

Occupancy: Non-Owner Occupancy

Term: “24” Months Interest Only

Single Family house located in Palmdale, California where our company arranged a $90,000.00 1st Trust Deed Hard Money Loan

We had assisted our Borrower about a year and a half earlier when she needed funds to Buy into a Business, and where we arranged a $90,000.00 1st Trust Deed loan on her Antelope Valley, California single family residence.   She was successful in purchasing part of the business, and since things were going so well for her she was requesting that our company lend her additional funds so she could buy out the remaining partner and own the business 100%.  We had to go up to 68% LTV (Loan to Value), which is a little high for Private Investors, but since she had a good payment record and had rental income that covered the monthly payment we were able to arrange a $147,000.00 1st Trust Deed on her Antelope Valley, California property.