$985,000 - 1st Trust Deed

SENIORITY OF LOAN:

1st

PROPERTY VALUE:

$2,000,000

EXISTING DEBT ON PROPERTY:

$0

LOAN AMOUNT:

$985,000

LOAN TO VALUE (LTV):

49%

NET INVESTOR YIELD:

10.5%

MONTHLY NET TO INVESTOR:

$8,618.75

TERM (INTEREST ONLY):

36 Months

PREPAID INTEREST AT CLOSE:

4 Months Prepaid at Close

ZONING / BED / BATHS / SQFT:

• 10 Buildings Totaling 12,100 sqft

• (3) Bed / (2) Bath manufactured home

• (1) 2,400 sqft Bridal Party Room, (1) 2,400 sqft Banquet Hall, (36) Rentable Storage Units, (3) Wells, (2) 18 Hole Frisbee Golf Courses

USE OF FUNDS:

Expand / Improve existing infrastructure

EXIT STRATEGY:

Conventional Refinance

EXTRA DETAILS:

• 2022 Net Income was $233,000

• Credit is 740 (FICO)

• Seasoned Borrower of Union Home Loan w/ Perfect Payment History