10990 - Rockaway Beach, OR

 Great Location!

Non-Owner occupied Single Family Residence in Rockaway Beach, OR, a quiet vacation town along the Oregon coast.  The loan amount is $342,500 and was recently appraised for $611,800 giving the loan a 55.982% LTV.  The borrower has a middle credit score of 562.  The borrower owns a restaurant and is aquiring the loan to pay off a previous balloon payment. 

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.