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Note Secured by a 1st Trust Deed available for investment
8184a

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Loan Number: 008184

CA Residents & Nonresident Foreign Citizens Only

Position: 1st Trust Deed

Investor’s Net Rate:  8.75%

Investor’s Net Payment:  $692.57

Note Balance: $147,000.00

Balance At Maturity: $147,418.16

Maturity Date: August 15, 2015

Property Value: $294,000.00  * SEE BELOW

Property Equity:  $147,000.00

* SEE BELOW

Loan to Value Ratio:  50%          

 * SEE BELOW

Building Size: 1,278  sq ft     

Lot Size: 5,393  sq ft

Building Age: 87 years

Property Type: Duplex

County: Los Angeles

 

PROPERTY DETAILS:

The property is a duplex, each unit is one bedroom, one bathroom, and there is a separate 1 car garage for each of the 2 units. The larger unit is in average condition, the smaller unit is in poor to below average condition, but upgrades are currently being done. Both units are being rented, the large unit for $1,600.00 and the small unit for $650.00. The total amount of rent is $2,250.00 per month.

 

*** R. C. Temme Corporation believes that the “as is” value of this property is $294,000.00 which gives us a Loan to Value Ratio of 50%. The “completed value” is $369,000.00 which brings the Loan to Value Ratio to 39.84%. R.C.T.C has held $49,000.00 from proceeds of this loan to be released in portions. The object of holding back these proceeds is intended to lower the effective loan to value ratio to 39.84%.

 

 
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OTHER LOAN DETAILS:

This loan is scheduled to be a fixed rate loan until maturity on August 15, 2015. Upon maturity the balloon balance on this loan will become due.  The payments on this loan are amortized over 40 Years.  The prepayment penalty is waived after June 1, 2015.  Any prepayment penalty, if collected, will be split between R.C. TEMME CORPORATION and the investor(s).

 

 

 

 

These securities have not been registered under the securities act of 1933.  During the period in which these securities are being offered and sold by the issuer, and for a period of nine months from the date of the last sale by the issuer of these securities, all re-sales of any part of the issue, by any person, shall be made only to persons resident within California or to a non-us citizen who is a resident of a foreign nation.

These securities are being offered solely to certain selected residents of California and to non-us citizens who are residents of a foreign nation.  This does not constitute an offer to sell or a solicitation of an offer to buy in any state other than the state of California.  Subject to purchaser’s receipt and review of the offering circular and disclosure package, and subject to issuer’s approval of purchaser’s subscription agreement.                                                                       

Real Estate Broker/CA Dept. of Real Estate - 00531243