Gardena, California Funded Fix & Flip Loan

Property Type: Single Family Residence

Lien Position: 1st Trust Deed

Loan Amount: $77,000.00

Appraised Value: $135,000.00

LTV: 57%

Loan Rate: 10.99%

Loan Type: Fixed Rate – Interest Only

Occupancy: Vacant

Term: “12” Months Interest Only

Before

Single Story Yellow before house located in Cathedral City, California where our company arranged a purchase loan for $110,000.00

After

Single Story Yellow After house located in Cathedral City, California where our company arranged a purchase loan for $110,000.00

Our Borrower purchased the subject property for $110,000.00 in Gardena, California , which was under the current market value.  The property was appraised at $135,000.00 by a licensed appraiser.

Our Borrower intended to upgrade and make property improvements to the Subject Property.  The LTV (Loan to Value) for the proposed loan of $77,000.00 was 57% based on the “As Is” Appraisal Report, which would provide a large amount of protective equity for our company’s Trust Deed Investor.

Due to our Borrower’s long record of having our company arrange financing for his purchases, we were able to arrange a new $77,000.00 1st Trust Deed loan at 10.99 with a “12” month term.