Crystal Bay, NV Refinance
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Loan Amount: $1,920,000
Collateral: First Trust Deed on a lake-front residential property in Washoe County.
Loan-to-Value: Estimated at 52% based on appraisal dated 11/15 and new BPO ordered.
Interest Rate: 12.75% paid monthly, minimum six months interest guaranty. Note rate is 13.0%.
*NV Capital Corporation will receive a .25% interest override.
Minimum Interest: Six months minimum interest guaranty. No prepayment penalty after six months.
Term: 12 months, with one six-month extension option, for which the Borrower will pay a 1.0% extension fee, to be split equally between Lender and NV Capital Corporation. In addition to the extension fee, the Borrower will fund the interest carry for the entire six month extension, in a bank account for the benefit of the Lender.
Borrower/Guarantor Profile: Call for borrower details.
RISK DISCLOSURE All real estate markets can be negatively affected by interest rates, availability of capital, supply and demand factors, and general economic conditions both locally and nationally. The investor should review this proposal with these risk factors in mind, and base the investment decision on both existing market conditions and potential changes in the economy, as well as the investor’s personal objectives and risk tolerance.