$1,505,000 - 2nd Trust Deed

SENIORITY OF LOAN:

2nd

PROPERTY VALUE:

$15,250,000

EXISTING DEBT ON PROPERTY:

$5,000,000

LOAN AMOUNT:

$1,505,000

COMBINED LOAN TO VALUE (LTV):

43%

NET INVESTOR YIELD:

12%

MONTHLY NET TO INVESTOR:

$15,677.08

TERM (INTEREST ONLY):

12 Months

PREPAID INTEREST AT CLOSE:

2 Months

ZONING / BED / BATHS / SQFT:

• SFR / 6 Bed / 6.5 Bath / 10,368 SQFT House / 3.08 Acre Lot

USE OF FUNDS:

Borrower intends to use funds to finish interior furnishing and cover carrying costs while listing/selling an additional investment property in Sherman Oaks

EXIT STRATEGY:

Sale of Sherman Oaks property (estimated value of property is $6.5m).

EXTRA DETAILS:

• Borrower credit score is 719 (FICO)

• Borrower is an experienced builder / seller

• Union Home Loan will also encumber the Sherman Oaks property to ensure payoff after the sale.