FUNDED!

LOAN: #7468

SUBJECT PROPERTY: 211 Le Chateau Drive, Hollister, CA 95203

5-bed/4-bath; 2518 sq ft w/3-car garage

APPRAISED VALUE: $300,000.00 (view appraisal)

PURCHASE PRICE: $300,000.00 (REO)

LOAN TERMS

LOAN AMOUNT: $210,000.00

POSITION: 1st

INTEREST: 11%

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 borrower is purchasing the subject property from the bank as an investment, and will be marketing it for rent. He is putting 30% down and paying all closing costs.

Information Subject to Change