Upland, California Funded Loan

Property Type: Single Family Residence

Lien Position: 1st Trust Deed

Loan Amount: $60,000.00

Appraised Value: $475,000.00

LTV: 15%

Loan Rate: 9%

Loan Type: Investment Purpose

Occupancy: Non-Owner Occupancy

Term: “36” Months Interest Only

Single Family two story home in Upland, California where our company arranged a $60,000.00 1st Trust Deed Private Equity Loan

Our Borrower was in the process of making major upgrades to her rental property.  There were unexpected costs overruns and she was in need of an additional $60,000.00 to complete the work to the property. Since the property was vacant, time was of the essence to complete the property renovations She had GREAT credit but had no provable income.  Since the property was an investment property there were no Dodd-Frank income requirements to keep our company from funding the quested loan. The property was Free & Clear and our company had no trouble funding a new first trust deed for $60,000.00