Tustin, California Funded Loan

Property Type: Condominium

Lien Position: 1st Trust Deed

Loan Amount: $60,000.00

Appraised Value: $350,000.00

LTV: 17%

Loan Rate: 9%

Loan Type: Investment Purpose

Occupancy: Non-Owner Occupancy

Term: “36” Months Interest Only

Condominium located in Tustin, California where our company funded a $60,000.00 1st Trust Deed Hard Money Loan

The Borrower in Tustin, California had good credit and a steady job and had tried at his credit union and at several banks to get a loan on one of his investment properties.  Since he owned more than “5” rental properties in Texas and due to the underwriting standards that the big banks currently employ he was not able to get financing.  He needed to make necessary repairs to several of his properties or risk losing several good tenants.   He was very frustrated when he contacted our company.  We assured him that we will come through and get him the money he needs since company is not restricted by the same rules of the big banks.  We were able to fund his loan in just over a week in Tustin, California.  Suffice to say he was very happy!!!!