Deal Status

Active

Property Address

MSA: Los Angeles-Orange-Long Beach Sylmar, California 91342

Loan Type

Private Money

Loan Purpose

Purchase Investment Property

Status

Performing

Lien Position

1st

Collateral Type

Residential Property

Multiple Properties

No

Original Loan Amount

$235,000

Unpaid Principle Balance

234998

Selling Price

239700

Loan Term

24

Note Maturity Date

11/01/2019

Note Interest Rate Sold

7

Rate Type

Fixed

Amortization

Interest Only

Payment Frequency

Monthly

Payment Amount

1370.83

Balloon Payment

Yes

LTV Origination

56

Property Market Value

420000

Property Valuation Date

02/01/2018

Valuation Type

Original Appraisal

Number of Borrowers

2

Borrower Entity

Individuals

Borrower Credit Rating

Good

Borrower Credit Score

600

Reason for Selling

Recapitalization.

Collateral and Loan Details

Property Type

Single Family Residence

Current Occupancy

Tenant Occupied

Multiple Parcels

No

Generate Income

Yes

Existing Mortgage

1st

Mortgage 1 Balance

235000

APN Parcel ID

TBD

Will additional properties be collateralized?

No

Comments

The borrower, who has owned the subject property for 17 years, brought $105k to closing and together with the proceeds of our mortgage loan, consolidated the mortgage debt against his N/O/O rental property. The subject property consists of 2 bedrooms and 1 bathroom with 748 square feet. The subject also includes a 1 bedroom ?? guest unit?? with a kitchen and 462 square feet. No value was given to this converted garage other than a $10k adjustment on the appraisal report.

First Name

Noelle

Last Name

Wheeler

Phone Number

949-588-8453 x228

Company

Nationwide Mortgage

Role

Note Seller

Location

Mission Viejo California USA

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