FUNDED!

LOAN: #7477

SUBJECT PROPERTY: 1163 So. Anteros Ave, Stockton, CA 95215

Rental SFR with 3-bed/2-bath, 1,619 sq ft on 14,940 sq ft lot

APPRAISED VALUE: $52,900.00 (view appraisal)

PURCHASE PRICE: $52,900.00  

LOAN TERMS

LOAN AMOUNT: $34,500.00

POSITION: 1st

INTEREST: 11%

TERM: 60 mos (fully amortized)

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 is fully amortized

SPECIFICS: Our borrower is purchasing this bank-owned property for investment purposes and will be marketing it for rent at $1000 per month.  This loan will be fully paid off at the end of the 60-month term.