10955 - Cheney, WA

44.318% LTV
Performing Loan

Borrower has 6.7million in Assets

This property consists of 3-20 acres lots at Badger Lake in Cheney, Washington, two of the three lots have water frontage. The property was recently appraised at $660,000. The loan amount is $292,500 and the LTV is 44.318%. The subject properties have been in our borrower’s family since 1948. The borrower has a 707 mid credit score and approximately 6.7 million in assets.  Minimum Investment: $29,250. 

MORTGAGE PAPER SECURITIES ARE NOT RATED OR INSURED AGAINST LOSS AND MAY BE SUBJECT TO SUBSTANTIAL RISKS THAT ARE FURTHER DESCRIBED IN THE GENERAL AND SPECIFIC OFFERING CIRCULARS. PAST PERFORMANCE IS NOT A GUARANTEE OF FUTURE RESULTS. INVESTORS ARE URGED TO READ THE GENERAL AND SPECIFIC OFFERING CIRCULARS PRIOR TO INVESTING.