Bonnie Bell, California Funded Fix & Flip Loan

Property Type: Single Family Residence

Lien Position: 1st Trust Deed

Loan Amount: $88,600.00

Appraised Value: $140,000.00

LTV: 63%

Loan Rate: 10.99%

Loan Type: Investment Purpose

Occupancy: Non-Owner Occupancy

Term: “12” Months Interest Only

Two Story Yellow house located in Bonnie Bell, California

Bonnie Bell, California The Subject Property was being purchased by our Borrower for $126,800.00.  The appraised value of the property at the time of purchase was $140,000.00, so our Borrower was purchasing the property under the then current market value.  Our Borrower was looking to put in a down payment in the amount of $38,040.00, and our Borrower further had the necessary funds to finish any required repairs and improvements to the Subject Property in Bonnie Bell, California

The property improvements and upgrades that our Borrower intended to make to the Subject Property would further increase its value and thus lower the LTV of the proposed loan.

Since our Borrower had obtained many prior loans from our company’s Investors, with all transactions working out well for all parties, we had no difficulty in arranging and funding the requested $88,600.00 1st Trust Deed Fix & Flip Loan at 10.99 for our Borrower. Bonnie Bell, California