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Loan Number: 008176 CA Residents & Nonresident Foreign Citizens Only Note Balance: $118,500.00 Balance At Maturity: $119,162.30 Investor’s Net Rate: 11.2% or 11.8%**  See below Secured by Two Properties a 1st and 2nd TD   Maturity Date: June 15, 2015 Investor’s Net Payment:  $1,113.45 or   $1,172.70**  See below First Property As Follows: Position: 1st Trust Deed Appraised Value 1st property only: $225,000.00* SEE BELOW Building Size:   1,056 sq ft     Lot Size: 19,800 sq ft Building Age: 86 years Property Type: Single Family Residence

PROPERTY DETAILS:  This loan encumbers two individual properties with a combined underwriting value of $375,000.00 a total equity of $196,500.00.  The combined loan to value ratio is 47.60%. This three bedroom one bathroom house sits on about a half acre lot. The house appears to have a concrete foundation with stucco walls and composition shingle roofing. This property is being rented out for $1,400.00 per month per an estoppel in our file. * Our file contains an appraisal for $225,000.00 for this property located at 1953 E. 126th Street, Compton, CA 90222.  However, after inspecting the property and viewing comparable sales and listings, R. C. Temme Corporation based the underwriting value on $180,000.00.

OTHER LOAN DETAILS:   This loan is scheduled to be a fixed rate loan until maturity on June 15, 2015.   The prepayment penalty is waived after May 1, 2013.  ** Initial investors can select a scheduled yield of 11.8% while waiving rights to any prepayment penalties collected or they can select a scheduled yield of 11.2% while retaining rights to their half of any prepayment penalty that may be collected. RC Temme Corp will hold or cause to be held, a $9,750 portion of this loan, on a subordinated basis; this subordination effectively lowers the investors loan to value ratio to 45%.   That means that only $108,750 of this loan is available to our investors.    $32,900.00 remains available for investment

201 S. Ward Ave. Compton, CA 90221   This property is the Borrower’s home and represents additional collateral for this business purpose  loan.  Purpose of the loan was to pay off a higher  interest loan and to make improvements to Borrower’s rental houses.   This is the 2nd property

Position:  2nd Deed of Trust	Property Value: $195,000.00	CA Residents & Nonresident Foreign Citizens Only
Building Size: 1,717 sq ft		Lot Size: 6,146 sq ft	Building Age: 73 years
Property Type: Single Family Residence		County: Los Angeles

Existing Encumbrances

1st TD: $60,000.00

Fixed Rate Loan

Mo. payment:  $300.00

Interest Rate:  6.00%

Maturity: April 1, 2011

 

 

PROPERTY DETAILS:

This three bedroom two bathroom property includes an attached four car garage and a brick fireplace.

When combined with the property described on the reverse side of this sheet, the combined loan to value ratio securing this loan is 47.60%. R. C. Temme Corporation will hold a $9,750 portion of this loan, on a subordinated basis; this subordination effectively lowers the loan to value ratio to investors to 45.00%.

 

 

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