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.
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Loan Amount: $400,000
Collateral: First Trust Deeds on two homes located in the Henderson area.. The two homes are currently leased, and generate a total of $2,875/mo in lease revenue.
Loan-to-Value: 64% loan-to-value based on comparable sales of similar properties in the immediate neighborhoods of both properties, the two home are estimated by NV Capital Corporation to have a current market value of $625,000.
Interest Rate: 11.0% per annum, paid monthly.
*Minimum four months minimum interest guaranteed to Lender. No prepayment penalty after four months.
Term: 6 months, with one 6-month extension option.
Purpose: The loan funds will be used to provide equity recapture to the Borrower, for the purpose of meeting personal liquidity requirements of the Borrower’s commercial bank.
Borrower/Guarantor Profile: Borrower has owned a profitable local business for nearly 30 years.