FUNDED!

LOAN: #7418

SUBJECT PROPERTY: 1023-1025 West 2nd Street, Pomona, CA 91766

4,075 sq ft on 6,273 sq ft lot. Zoned Commercial Industrial.

APN 8342-003-017

APPRAISED VALUE: $460,000.00  (view appraisal) 

LOAN TERMS

LOAN AMOUNT: $277,500.00

POSITION: 1st

INTEREST: 11%

TERM: 60 mos

LTV: 60%

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 refinancing their existing matured first and are bringing in all loan closing costs. The property is currently 100% occupied by a religious facility; they have owned the subject property since 2003. 

Information Subject to Change