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$27,000 INVESTMENT 11% NET YIELD 5 Years 65% LOAN TO VALUE First Position lien on: 55 Acres of Bare Ground S. Pleasant Valley Rd., Kuna Idaho |
| REFERENCE NUMBER: | W08-2875 | ||||||
| ORIGINAL TERMS: | $27,000 First position Note and Deed of Trust, payable at $307 per Month, including 11.5% interest, maturity in 5 Years (09/16/2013) , with a balloon payment of approximately $24,889 . This loan contains a 7% late payment after 10 days, due on sale and assumption provision, and the following pre-payment penalty: First Year 3%; Second Year 2%; Third Year 1%. | ||||||
| SERVICING: | The net yield on this investment is 11%. Hopkins Loan Services, Inc. will receive 1.5% of the yield for handling the servicing of this investment. | ||||||
| SECURITY: | First Position Mortgage on 55 Acres of Bare Land, eligible for 1 building permit | ||||||
| LOCATION: | S. Pleasant Valley Rd., Kuna Idaho | ||||||
| VALUE: |
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| LOAN TO VALUE: | 65% | ||||||
| PURPOSE OF LOAN: | Debt Consolidation. | ||||||
| NOTES: | Great value for 55 acres with a building site available. | ||||||
| LOAN OFFICER: |
Casey Macomb Phone: (208) 467-5467 Cell: (208) 631-8086 Fax: (208) 323-0667 Email: caseym@hopkinsfinancial.com |
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