Palmdale, California Funded Hard Money Loan

Property Type: Single Family Residence

Lien Position: 1st Trust Deed

Loan Amount: $90,000.00

Appraised Value: $175,000.00

LTV: 51%

Loan Rate: 10%

Loan Type: Investment Purpose

Occupancy: Non-Owner Occupancy

Term: “36” Months Interest Only

Single Family house located in Palmdale, California where our company arranged a $90,000.00 1st Trust Deed Hard Money Loan

In May of 2015 our Borrower was referred to our company when she was looking to buy into an operating business and wanted to borrower against the property that she had inherited from her Father.  The property was currently rented where the monthly rent would cover the monthly mortgage payments, which allowed us to arrange the requested loan to her so she move forward with her business venture. Palmdale, California