FUNDED!

LOAN: #7342

SUBJECT PROPERTY: 880 Calle Primavera, San Dimas, CA

APPRAISED VALUE: $470,000.00 (Jan 2011)

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LOAN TERMS

LOAN AMOUNT: $240,000.00

POSITION: 1st

INTEREST: 11%

TERM: 36 mos

LTV: 51%

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 will be utilizing the loan proceeds for business purposes, as well as paying off a small first mortgage and some tax obligations.  The subject property has been in our borrower's family since 1993, and is currently rented for $2700 per mo.

Information Subject to Change