Beverly Glen, California Funded Hard Money Loan

Property Type: Single Family Residence

Lien Position: 1st Trust Deed

Loan Amount: $175,000.00

Appraised Value: $290,000.00

LTV: 60%

Loan Rate: 10%

Loan Type: Investment Purpose

Occupancy: Non-Owner Occupancy

Term: “12” Months Interest Only

Single Story House located in Los Angeles, California where our company funded a $275,000.00 Trust Deed Hard Money Loan

Our Borrower contacted our company in June 2014 looking to purchase a Fix & Flip property on West 29th Street in Beverly Glen, California.  He was buying the Subject Property for a very great price, so we were able to arrange a purchase loan with our Borrower only needing to put down a 20% Down Payment.  The Borrower had all the necessary funds to do all intended repairs and upgrades to the property.