Funding Interest Letter

Loan Amount: $65,000.00 REQUESTED

LTV: 18%  

1st MORTGAGE SECURITY

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MINIMUM INVESTMENT AMOUNT 

$1000.00-$2,499   8% Return 

$2,500.00-$4,999  10% Return

$5,000.00-$9,999  12% Return

$10,000.00+ 12% Return +2.5% Bonus Interest Payment

APPRAISAL FOR 1710 Penn Avenue​

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Term:

24 Month Term, Balloon Payment at end of 24 Months

Loan Extension Available:

Automatic Extension Available at Month 24 with 5% extension fee,

For additional 12 month period.

Balloon Payment Due and Loan Acceleration.

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Security:

1st Mortgage lien cross collateralized against all 2 properties

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1710 Penn Avenue, Pittsburgh, PA

& 

574-576 Thompson Avenue, Donora, PA

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Total Asset Value: $350,000.00

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Purpose of the Funding to Complete Repairs

Exit Strategy: Refinance

 

Monthly Payments to be made by Electronic Payments Payable Only on the 15th Day of the Month

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