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$20,000 INVESTMENT 11.5% NET YIELD 5 Years 29% LOAN TO VALUE First Position lien on: 3 bed, 2 bath, 1,792 Sq Ft home on 2 acres! Gooding, ID |
| REFERENCE NUMBER: | U09-2981 | ||||||
| ORIGINAL TERMS: | $20,000 First position Note and Deed of Trust, payable at $227 per Month, including 12.5% interest, maturity in 5 Years (07/27/2014) , with a balloon payment of approximately $18,436 . This loan contains a 4% 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 11.5%. Hopkins Loan Services, Inc. will receive 1% of the yield for handling the servicing of this investment. | ||||||
| SECURITY: | 3 Bedroom, 2 Bath, 1,792 Square Foot Manufactured Home built in 1980. The property is on a permanent foundation and sits on 2 acres. | ||||||
| LOCATION: | Gooding, ID | ||||||
| VALUE: |
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| LOAN TO VALUE: | 29% | ||||||
| PURPOSE OF LOAN: | Purchase of their primary residence. | ||||||
| NOTES: | Nice country setting with quuick access to many parts of the Magic Valley as it is only 1.5 miles to the I-84 Freeway. The Malad River is close by the property. | ||||||
| LOAN OFFICER: |
Casey Macomb Phone: (208) 467-5467 Cell: (208) 631-8086 Fax: (208) 323-0667 Email: caseym@hopkinsfinancial.com |
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