Trust Deed Investment Opportunity - Seeking a new 1st of $500,000 for a 30 Due-in 7 Balloon with a 9% APY.

Transaction Synopsis: Borrower is seeking a cash-out refinance.

• Subject property consists of a two-story attached PUD, with 3 bedrooms plus a den and 2 bathrooms, totaling 2,011 Sq. Ft GLA, built in 1985 and is located within a small gated community, known as "jasmine park", consisting of 46 2-attached PUDs. Subject area is on a 4,000 +/- Sq. Ft. irregular lot, located in the county of Orange, city of Newport Beach (Corona Del Mar Area).
• The following was noted by appraiser (see appraisal & photos) - soiled and stained carpets and interior walls, deferred yard maintenance, all reflected in overall condition rating.
• Risk: Permits Not Verified. The subject has converted an enclosed atrium to a den of similar quality while conforming well to the original structure. The addition has been done in a workman like manner and is fully permitted per homeowner.
• Compensating Factors: Subject is located desirable beachside community, known as "Corona Del Mar", and is in fair to good overall condition as condition rating is minor and cosmetic in nature.
• Exit Strategy: Refinance or Sale of subject property will retire this proposed loan.

Investment Details:

Security First Deed of Trust on the property and borrower’s personal guaranty.
Prop Details Attached-PUD with 1 Attached Wall at the Lot-Line
Lien Position 1st TD
Loan Amount $500,000
Protective Equity $299,231.06
LTV 51% Based Appraisaed Value.
CLTV n/a
Subordinated Lien(s) n/a
Note Rate 11% Annual Interest
Sold Rate (Net Int. Rate) 9% (2% Servicing Premium - Hanover IS participating in Spread)
Amortization Type Principal & Interest
Amortization Period 360
Term 30 Due-in 7 Balloon
Monthly Payment $3,928.28
Renewal n/a
Payment Reserve n/a
Cross-collateralization n/a
Pre-Payment Penalty n/a
Construction Holdback: n/a
Funds Control n/a
Fees Borrower to pay 3 points of the loan amount, plus a $1,195 Underwriting Fee, $595 Processing Fee, $500 Loan Document Fee and $450 Legal Fee to Hanover Mortgage, plus all normal third party closing fees, such as title and recording fees.

The information above, though secured from sources believed to be reliable, cannot be guaranteed. The investor should independently verify this information to his/her satisfaction. All real estate markets can be negatively affected by interest rates, availability of capital, supply and demand factors and general economic conditions both locally, regionally and nationally. Each investor should review this summary with these risks in mind and base their investment decision on both existing market conditions and potential changes in the economy as well as your personal objectives and risk tolerance.

**NO BROKERS. Interest Investors Only...