INVESTMENT OPPORTUNITY
Loan Investment Summary
Address:
Western Ave. Los Angeles CA
Note Rate:
11.50
Investor Rate:
10.50
Lien Position:
1st
Loan Amount:
250000
Loan to Value:
50
Monthly Pmts:
2395.83
Loan Term:
24 Months I.O.
Property:
8 units = Total Rents of $5769
Occupancy:
Non Owner Occupied
Why we like this loan: Positive cash flow of over $3000 on this property. Experienced Landlord
with other properties. He has owned since 1988. Only 50 LTV, Wife has good job for 12 yrs at Boeing making 14k a month
Collateral Description: 8 unit building with close proximity to freeways downtown and airport.
Use of Funds: Payoff consumer debt, Help pay sons college tuition of 27k per year
Exit Strategy: Refi into conventional loan
Borrower Information: No lates on credit report, Experienced owner of multiple unit buildings,
Iron Oak Home Loans
9260 Alcosta Blvd.
Bldg. C Ste. 16
San Ramon, CA 94583
Estimated Close of Escrow: 12/07/11
Rich Mendoza
925/803-2465
Scott Liming
925/803-2462
Jim Schukle
925/803-2463
All information deemed reliable, but not guaranteed.
Real Estate Broker, CA Dept. of Real Estate 01299684