Property Type: Single Family Residence

Lien Position: 1st Trust Deed

Loan Amount: $162,000.00

Appraised Value: $285,000.00

LTV: 57%

Loan Rate: 10.99%

Loan Type: Fixed Rate – Fix & Flip

Occupancy: Vacant

Term: “12” Months Interest Only

Before

Single Story House located in San Bernardino, California where our company arranged a 1st for $162,000.00 Trust Deed

After

Our Borrower was purchasing the Subject Property for $249,000.00 in Bell, California, which was under the then current market value.  He was putting in $87,000.00 as a down payment together with funds for all closing costs.

The LTV for the loan was 57% relative to the Subject Property’s Appraised Value and 65% LTV relative to the purchase price.  The intended repairs and improvements that our Borrower planned to make to the Subject Property would further increase its value to approximately $360,000.00.

Our Borrower intended to invest approximately $25,000.00 in improvements and upgrades, and further was looking to sell the Subject Property for approximately $360,000.00 within a few months Bell, California.

Since our Borrower had a great rehab track work and a long history with our company and our Investors, we were able to quickly fund a $162,000.00 1st Trust Deed Fix & Flip Loan at 10.99 with a “12” month term for our Borrower.