FUNDED!

LOAN: #7396

SUBJECT PROPERTY: 531 S. Golden Gate Ave, Stockton, CA 95205

Unit 1: 2-bed/1-bath; 822 sq ft with 1-car attached garage

Unit 2: 2-bed/2-bath; 1232 sq ft with 2-car attached garage

APPRAISED VALUE: $95,000.00 (view appraisal)

PURCHASE PRICE: $82,400.00

LOAN TERMS

LOAN AMOUNT: $57,680.00
POSITION: 1st
INTEREST: 11%
TERM: 60 mos
LTV: 70% of the purchase price/61% of the 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 the subject property as an investment, and will be renting out both homes.  Average market rents in the area would equate to $1675 per mo combined.  This loan is partially amortized.

Information Subject to Change