FUNDED!

LOAN: #7463

SUBJECT PROPERTY: 719 Fishback Street, Manteca, CA 95337

3-bed/2-bath SFR with attached 2-car garage and a detached 2-car garage as well.

1362 sq ft (does not include 300 sq ft finished room w/no permit) on 2.24 acres

APPRAISED VALUE: $205,000.00 (view appraisal)

PURCHASE PRICE: $205,000.00 (short-sale)

LOAN TERMS

LOAN AMOUNT: $143,500.00
POSITION: 1st
INTEREST: 11.25%
TERM: 36 mos
LTV: 70%

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 borrowers are purchasing the subject property from the bank as an investment property. They are putting 30% down and paying all closing costs.  They plan on performing cosmetic repairs before marketing the property for rent at $2000 per month.

Information Subject to Change