FUNDED!

LOAN: #7487

SUBJECT PROPERTY: 40 W. 8th Street, Stockton, CA 95206

3-bed/2-bath SFR; 1338 sq ft w/single-car attached garage.

APPRAISED VALUE: $65,000.00 (view appraisal)

PURCHASE PRICE: $65,000.00

LOAN TERMS

LOAN AMOUNT: $42,250.00

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: This is a fully amortized loan; at the end of the loan term the loan will be paid in full.  Our borrower is purchasing this investment property from an investor that purchased it recently at auction. He is putting 35% down and paying all closing costs, and intends to market the property for rent at $950 to $1000 per month.

Information Subject to Change