Ojai, California Funded Loan

Property Type: Single Family Residence

Lien Position: 1st Trust Deed

Loan Amount: $200,000.00

Appraised Value: $550,000.00

LTV: 36%

Loan Rate: 9%

Loan Type: Investment Purpose

Occupancy: Non-Owner Occupancy

Term: “36” Months Interest Only

Single story house located in Ojai, California where our company arranged a $200,000.00 1st Trust Deed Hard Money Loan

The Borrower had owned a rental property for many years and made the decision to sell the property and take her profits following a long-term tenant moving out of the property.  During the escrow period the Borrower became aware of another GREAT real estate deal that had to be purchased prior to the anticipated closing of her sale escrow.  Our subject properly was located in a very nice area of Ojai and our company arranged for an investor to fund her the money she needed to purchase her GREAT deal.  The loan had No Pre-Payment Penalty, so she was able to pay the loan off when she closed escrow with no additional costs to her. Ojai, California