Baldwin Hills, California Funded Loan

Property Type: Single Family Residence

Lien Position: 2nd Trust Deed

Loan Amount: $40,000.00

Appraised Value: $410,000.00

LTV: 54%

Loan Rate: 12%

Loan Type: Investment Purpose

Occupancy: Non-Owner Occupancy

Term: “24” Months Interest Only

Gated Peach and Pink Single story house located in Baldwin Hills, California where our company funded a $40,000.00 2nd Trust Deed

A Husband and Wife contacted our company to borrow funds on a rental property they owned to pay off a “Friend” that had lent them money and needed the money back, and couldn’t wait until they sold the Subject Property.  Since there was adequate equity in the Subject Property for a New 2nd Trust Deed large enough to provide our Borrowers the necessary funds to pay their “Friend” off we were able to arrange the requested loan without the need of an Appraisal Report.