Sherman Oaks, California Funded Hard Money Loan

Property Type: Condominium

Lien Position: 1st Trust Deed

Loan Amount: $260,000.00

Appraised Value: $406,000.00

LTV: 64%

Loan Rate: 12%

Loan Type: Investment Purpose

Occupancy: Non-Owner Occupancy

Term: “12” Months Interest Only

Condominium located in Sherman Oaks, California where our company arranged a $260,000.00 1st Trust Deed Hard Money Loan

Our Borrower was referred to our company in July 2017 when she was in escrow to purchase a badly damaged condo in Sherman Oaks, California.  She had both the necessary down payment in addition to the necessary funds to make all required repairs and upgrades need to the property and had experience in Fix & Flipping properties.  The loan was closed in “2” weeks from her loan application in Sherman Oaks, California.