SUBJECT PROPERTY: 124 Elm Street, Madera, CA 93638

5-bed/2-bath, 1458 sq ft w/2-car attached garage; built in 2003

APPRAISED VALUE: $95,000.00 (view appraisal)

PURCHASE PRICE: $95,000.00

LOAN AMOUNT: $65,000.00

POSITION: 1st

INTEREST: 11%

TERM: 36 mos

LTV: 69%

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 REO property as an investment, putting 31% down and paying all closing costs.  He will be performing minor repairs so that the home is move-in ready, and will be renting the property for $950 per month.

Information Subject to Change