South Los Angeles, California Funded Limited Income Loan

Property Type: Single Family Residence

Lien Position: 1st Trust Deed

Loan Amount: $200,000.00

Appraised Value: $365,000.00

LTV: 54%

Loan Rate: 11%

Loan Type: Investment Purpose

Occupancy: Non-Owner Occupancy

Term: “24” Months Interest Only

Brown and White Single Story house located in South Los Angeles, California

Our Borrower contacted us in September 2017 looking to obtain funds from his Rental property in South Los Angeles, California that he was operating as a multi-tenant subsidized low income housing property.  He was intending to comply with the Federal ADA Law and the City of Los Angeles operating requirement to license his rental property where he would be approved and qualified to receive Government funding.