$300,000 - 1st Trust Deed

SENIORITY OF LOAN:

1st

PROPERTY VALUE:

$1,140,000

EXISTING DEBT ON PROPERTY:

$0

LOAN AMOUNT:

$300,000

LOAN TO VALUE (LTV):

26%

NET INVESTOR YIELD:

11%

MONTHLY NET TO INVESTOR:

$2,997.50

TERM (INTEREST ONLY):

24 Months

PREPAID INTEREST AT CLOSE:

6 Months

ZONING / BED / BATHS / SQFT:

• Zoning: Multi-Family Residential Duplex

• 2,632sqft Total / 5 Total Beds / 3 Total Baths

USE OF FUNDS:

• Pay off existing 1st (~$190k)

• Pay off property taxes (~$15k)

• Pay down credit card bills with some cash leftover

EXIT STRATEGY:

Improve credit & refinance