FUNDED!

LOAN: #7432

SUBJECT PROPERTY: 9093 Barbaresco Circle, Stockton, CA 95212

3,048 sq ft SFR w/4-bed, 3.5 bath. Home is only 6 years old, with pool and 4-car garage.

APPRAISED VALUE: $223,000.00  (view appraisal)

PURCHASE PRICE: $200,900.00

LOAN TERMS

LOAN AMOUNT: $143,000.00

POSITION: 1st

INTEREST: 11%

TERM: 36 mos

LTV: 65%

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 bringing in $94,015 to cover the down payment and closing costs, plus has deposited an additional $6,500 to cure the damages noted in the appraisal.  She is purchasing the property as an investment, and will be marketing it for rent after completing the repairs.  Average rents in the area for comparable properties are in the $1750 per month range.

Information Subject to Change