La Puente, California Funded Loan

Property Type: Single Family Residence

Lien Position: 1st Trust Deed

Loan Amount: $185,000.00

Appraised Value: $375,000.00

LTV: 49%

Loan Rate: 10%

Loan Type: Investment Purpose

Occupancy: Non-Owner Occupancy

Term: “24” Months Interest Only

Single story yellow house located in La Puente, California where our company arranged a $80,000.00 1st Trust Deed Private Equity Loan

La Puente, California – Our Borrower had a GREAT deal in China and she was in a real hurry to raise $185,000.00.  She had less than “2” weeks remaining to raise the funds before the window of opportunity closed.  She owned a single family residence where she had added several extra bedrooms and bathrooms in order to rent the property out to numerous individual people.  Since she had done all the work to the property without obtaining building permits, no bank would consider lending on the property. Our company put her loan on high priority in La Puente, California and was able to get around the Building Permit issues and funded her loan within the allotted time frame.  She was able to get her China deal done and was expecting a great return on her investment.