LOAN PARTICIPATION EXECUTIVE SUMMARY
August 01, 2013
Property Medina Road, Woodland Hills, CA
Collateral 6 Bed 7 bath single family rental with Assignment of Rents
Income $4,200 per month
Square Footage 3,333 sq ft
Loan Amount $630,000
Lien Position First Position
Term 24 months
Closing August 2013
Investor Yield 8%
Loan to Value 61%
Condition Well Maintained, New construction circa 2007
Rental Income $2,028 per month
Purpose Refinance for better terms
Source of Repayment Property will be sold within 18 months
Background Borrower is a private mortgage fund. The property was taken back in foreclosure and is being rented until the home can be sold at a profit. Company has $1.7MM in assets with annual revenue in excess of $1,000,000.
Loan If you are interested in this investment after analyzing the Deal Sheet, these are the next steps:
1. Please call or email us to signify your interest. Remember, this is an ongoing opportunity and there are new properties available each week. You may also call me (415) 680 3454 to express your interest;
2. Let us know the amount you’re looking to place. ;
3. We will then send you all the supplementary documentation we have on the file. ;
4. Upon confirmation, you will receive all necessary Lender Disclosures to sign along with instructions for wiring your funds directly to escrow.
All investments are on a first come/first served basis. If more investors are interested than we have capacity for, those investors will be placed on a waiting list in case another investor pulls out of the loan.