Pacoima, California Funded Private Equity Loan

Property Type: Single Family Residence

Lien Position: 2nd Trust Deed

Loan Amount: $100,000.00

Appraised Value: $475,000.00

LTV: 36%

Loan Rate: 12%

Loan Type: Investment Purpose

Occupancy: Non-Owner Occupancy

Term: “12” Months Interest Only

Single Family Residence located in Pacoima, California where our company funded a 2nd $100,000.00 Trust Deed

Our Borrower who we had arranged a $280,000.00 1st Trust on another property requested in September 2017 that we fund him a $100,000.00 2nd Trust Deed on another rental property he owned in Pacoima, California.  We had to record behind a Federal Bail Bond that the Borrower was litigated in court to get it release from his property.  Since the property had substantial equity we were able to fund the loan requested by our returning Borrower