Crenshaw, California Funded Hard Money Loan

Property Type: Single Family Residence

Lien Position: 1st Trust Deed

Loan Amount: $355,000.00

Appraised Value: $575,000.00

LTV: 61%

Loan Rate: 9%

Loan Type: Investment Purpose

Occupancy: Non-Owner Occupancy

Term: “24” Months Interest Only

Single Story House located in Crenshaw, California where our company funded a Trust Deed Loan for

Crenshaw, California – Our Borrower contacted our company again requesting that we refinance the $100,000.00 1st Trust Deed loan that we arranged for him about a year earlier.  Our Borrower was in need of funds to purchase another investment property for CASH and he was short of the having all of the necessary funds.  The Borrower had good credit and good income and owned a number of “Other” investment properties.  The Subject Property was in good condition and located in a strong rental area of Crenshaw, California.  We were able to arrange a $355,000.00 1st Trust Deed Loan for him at 9%.  The total time from loan application to funding was less than “10” Days