Hawaiian Gardens, California Funded Limited Income Loan

Property Type: Condominium

Lien Position: 1st Trust Deed

Loan Amount: $95,000.00

Appraised Value: $206,000.00

LTV: 46%

Loan Rate: 10.99%

Loan Type: Investment Purpose

Occupancy: Non-Owner Occupancy

Term: 12 Months Interest Only

Condominium

Hawaiian Gardens, California – In August of 2016, a Mortgage Broker submitted his client’s loan request to our company for a New $95,000.00 1st Trust Deed on a rental property owned by the Borrower.  Due to some family obligations, the Borrower got behind in several financing obligations, including the mortgage on the Subject Property.  Since the requested loan would only be at 46% LTV, and further since the monthly rent would cover ALL monthly expenses, including our proposed loan, we were able to arrange the loan requested by our Borrower.  The loan provided him all the necessary funds to resolve his then pressing financial obligations in Hawaiian Gardens, California.