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In addition to our normal acquisition of new properties with your funds, there are also a few ready-made Private Mortgage opportunities on existing properties which have been approved by our underwriting department to be offered. Contact us for more information.
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DECEMBER 2008
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State/#
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Value
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Amount
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Position
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Time
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LTV
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Rate
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OH/6617
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$149,900
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$ 119,900
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1st
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US*
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80%
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8.75%
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OH/1891
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$175,000
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$ 140,000
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1st
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36 months
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80%
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8.75%
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OH/118
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$300,000
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$198,000
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1st
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60 months
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66%
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7.75%
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OH/673
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$139,000
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$111,000
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1st
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US*
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80%
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8.75%
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FL/2651
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$450,000
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$337,500
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1st
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60 months
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75%
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7.75%
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* US = Until Sold which is anywhere from 1 month to 36 months
Of course, our normal program allows you to commit the amount of funds you are comfortable in placing in Private Mortgages, and then we buy the property with your funds being used as the underlying mortgage. This is a great way to diversify your portfolio into another class of assets instead of stocks, mutual funds and certificate of deposits. Let us show you how you can have a balanced portfolio with your funds.
Also, we also have Second Mortgage and Participating Mortgages as well. Please ask about those when you talk to us.
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