LOAN: #6956
SUBJECT PROPERTY: 446 W. Stocker St, #3, Glendale, CA 91202
APPRAISED VALUE: $425,000.00 (view appraisal)
PURCHASE PRICE: $260,000.00 (short sale)

LOAN TERMS

Loan Amount: $182,000.00
Trust Deed Position: 1st
Interest: 11%
Term: 24 months
LTV: 43% of appraised value / 70% of purchase price

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: Borrower has 700+ FICO; he is putting 30% down and paying all closing costs.