Silverlake, California Funded Loan

Property Type: “4” House Courtyard

Lien Position: 1st Trust Deed

Loan Amount: $125,000.00

Appraised Value: $1,400,000.00

LTV: 9%

Loan Rate: 9%

Loan Type: Investment Purpose

Occupancy: Non-Owner Occupancy

Term: “24” Months Interest Only

“4” House Courtyard located in Silverlake, California where our company funded a $208,000.00 1st Trust Deed Hard Money Loan

The Borrowers were in need of funds again for a business opportunity and requested that we arrange a $125,000.00 1st Trust Deed for them.  About a year earlier we had arranged a $200,000.00 1st Trust Deed that they had paid off.  The Borrowers had FICO Credit Scores that were each over 800 , great income and now owned the Subject Property Free & Clear.  The property was really nice and in a very desirable location in Silverlake and had a lake view.

We had no problem at all arranging the requested loan for our Borrowers, in fact the Investor that funded their prior $200,000.00 1st Trust Deed loan funded their new $125,000.00 1st Trust Deed loan.