$3,200,000 - 1st Trust Deed

SENIORITY OF LOAN:

1st

PROPERTY VALUE:

$11,180,000

EXISTING DEBT ON PROPERTY:

• $0

LOAN AMOUNT:

$3,200,000

COMBINED LOAN TO VALUE (LTV):

29%

NET INVESTOR YIELD:

11%

MONTHLY NET TO INVESTOR:

$30,666.67

TERM (INTEREST ONLY):

24 Months

PREPAID INTEREST AT CLOSE:

11 Months

ZONING / BED / BATHS / SQFT:

SFR / 9 Bed / 8.5 Bath / 6,878 SQFT / 36,154 SQFT Lot

USE OF FUNDS:

Funds are being used to pay off existing 1st mortgage (balance of $2,450,000) with the remainder being kept for interest reserves and minor property improvements.

EXIT STRATEGY:

Sale of the property in the next 2 years.

EXTRA DETAILS:

• Owners are foreign nationals and do not have established credit.

• Property is located in the exclusive gated community of Pelican Ridge that is less than one mile from the famous Pelican Hill resort.