Warehouse/ Showroom

Borrower has good income and assets. 24 month loan with 18 months left until maturity. I/O payments. Payment history has been as agreed with no late history. Escrows. This loan no longer carries a prepayment penalty.

Project Details

Purchase Price: $850,000

Loan Amount: $552,000

Appraisal: $940,000

LTV as to appraisal: 59%

LTV as to purchase price: 65%

Note Rate: 12%

Marketing and Legal: (.125)

Net to Investor: 10.5%

Minimum Investment: $25,000