FUNDED!

LOAN: #7405

SUBJECT PROPERTY: 1165 Quail Road, Del Rio, TX 78840

Large SFR on 11 acres. Home is 7,949 sq ft with 7 bedrooms, 5.5 baths, and a 4-car garage.

APPRAISED VALUE: $550,000.00 (view appraisal)

PURCHASE PRICE: $380,000.00 (bank-owned)

LOAN TERMS

LOAN AMOUNT: $266,000.00

POSITION: 1st

INTEREST: 12%

TERM: 36 mos

LTV: 70% of purchase price/48% of appraised value

There is a late charge of 10% of the payment (after 10 days)

There is no prepayment penalty on this loan

This loan contains a balloon payment

SPECIFICS: Our borrower is purchasing this property as an investment, and is putting approximately $145,000.00 down. The subject property is a high-quality home with extensive upgrades, and is located on a street with other homes of similar quality and size. Please note the appraised value of $550,000.00 is as-is; we would expect the value to be higher once the property has been returned to it's original condition.

Information Subject to Change