Trust Deed Investment
Trust Deed Investment at West Jefferson Blvd Los Angeles, CA
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Loan Number: 0601
Owner user, wholesale electrician supplies store, a lot and a duplex.
1st trust deed on two of the properties and a 2nd on one. $55,000 ahead of our $90,000 loan. Good credit, repeat customer with very good tract record.
| Investment Offering 0601 | ||||
| Loan Number: | 0601 | Position: | 1st & 2nd | |
| Investors Net Rate: | 9% | Appraised Value: | $1,375,000 | |
| Loan To Value Ratio: | 10% | Payment: (interest only) | $675.00 | |
| Balance at Maturity: | $90,000 | Maturity Date: | 6 years | |
| Note: | $90,000 | Equity: | $1,235,000 | |
| Property Type: | Mixed Use | |||
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Lantern Financial and their team can be defined in these terms.
Our Ministry financial needs were pressing and immediate; and the means to continue an extensive building project where great but incomprehensible to conventional lending institutions.
Conventional Banking was insensitive to our needs, schedules and showed little understanding of Church operations and needs. This is where Lantern Financial excelled.
They are time sensitive and possess great understanding of Non-profits.
Lantern's financial Team met our total need and consolidated loans to meet our extended needs. We have not only a lender but a relationship with Lantern Financial.
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Covenant Worship Center Ministries
