FUNDED!

LOAN: #7423

SUBJECT PROPERTY: 3069 Carpenter Rd, Stockton, CA 95205

2-bed/1.5 bath; 1366 sq ft on 1 acre

APPRAISED VALUE: $115,000.00 (view appraisal)

PURCHASE PRICE: $115,000.00

LOAN TERMS

LOAN AMOUNT: $60,000.00

POSITION: 1st

INTEREST: 11%

TERM: 36 mos

LTV: 52%

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 from a real estate investor who purchased it at auction for $78,300 in March 2011.  RealQuest values the property at $138,000.00.  Our borrower is purchasing it for $115,000.00; he is putting 48% down and paying all closing costs.  The home will be marketed for rent at $1100.00 per mo.

Information Subject to Change