Venice, California Hard Money Funded Loan

Property Type: Duplex

Lien Position: 2nd Trust Deed

Loan Amount: $100,000.00

Appraised Value: $1,025,000.00

LTV: 43%

Loan Rate: 12%

Loan Type: Investment Purpose

Occupancy: Non-Owner Occupancy

Term: “24” Months Interest Only

Duplex located in Venice, California where our company funded a Trust Deed Loan for

Our Borrowers contacted our company in November 2016 looking to obtain approximately $100,000.00 for a business opportunity and wanted to obtain a loan on their Venice, California rental property.  Since their 1st Trust Deed was at such a good interest rate it was agreed by all parties that a 2nd Trust Deed would be the best option.  Since the property was in Venice, right near the beach and was worth a lot, we had no trouble at all getting one of our company’s Investors to fund their loan.