Reseda, California Funded Loan

Property Type: Single Family Residence

Lien Position: 1st Trust Deed

Loan Amount: $350,000.00

Appraised Value: $650,000.00

LTV: 53%

Loan Rate: 10%

Loan Type: Investment Purpose

Occupancy: Non-Owner Occupancy

Term: “24” Months Interest Only

Single Story House located in East Encino, California where our company arranged a $350,000.00 1st Trust Deed Hard Money Loan

Our Borrowers had requested about “2” years earlier that we arrange a $310,000.00 1st Trust Deed for them on their Reseda, California property, which we were able to accomplish.  Now that the prior loan had come due and that the Investor needed his funds back, our Borrowers were requesting that we arrange a new $350,000.00 1st Trust Deed for them.  The property was remodeled, upgraded, rented for top dollar and in a very desirable area of Los Angeles.  The Borrowers had great credit, solid income and plenty of equity in the Subject Property which allowed us to arranged the requested loan.