Trust Deed Investment
Trust Deed Investment in Burbank, CA
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Loan Number: 709145
Commercial Office Building.
Owner uses as a recording studio with several studios rented to different artists. Clean and well kept in high demand area..
| Investment Offering 709145 | ||||
| Loan Number: | 709145 | Position: | 2nd | |
| Investors Net Rate: | 10 3/8% | Appraised Value: | $650,000 | |
| Loan To Value Ratio: | 60% | Monthly Payment: | $1,988.54 | |
| Balance at Maturity: | $230,000 | Maturity Date: | 10/15/2009 | |
| Note: | $225,000 | |||
| Term | Interest only | Property Type: | Commercial | |
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Real Estate News
BOE: No Use Of Standing Lending Facility Thursday (Nasdaq)
LONDON -(Dow Jones)- The Bank of England's standing lending facility was not tapped Thursday, data from the central bank Friday showed. The facility was last used Aug. 29, when an aggregate GBP1.556 billion was lent at the 6.75% penalty rate.
Lantern Financial Sponsors
"A Divine Gift" !
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.
Our Ministry is most appreciative because of Lantern's understanding, belief and working expertise. They are "A Divine Gift."
A . Turner, Pastor, and President
Covenant Worship Center Ministries
