PROPOSAL TO BORROW FUNDS

As indicated in our Executive Summary, Irvine Hills, LLC buys distressed properties and renovates them
for resale to either investors (wholesale) or to owner occupants (retail). Currently, IH is borrowing the
funds to purchase and renovate the target properties through hard money lenders and private parties.
Recently lenders have limited the number of investment properties loaned to any single person or
entity. As such, IH is seeking to obtain alternative sources of funding to expand our operations.
The following is an outline of the terms, security, and other features for this proposal:



TERMS OF 1ST TRUST DEEDS / RETAIL PROPERTIES

Typical loan amount is between $75,000 and $100,000.
10% annual interest only for a period of one year. No prepayment penalty to borrower.
Interest payments are paid monthly using simple interest. The investor has the option of receiving an
additional $5,000 if the interest is rolled into the loan balance and payment is deferred to the date the
property is sold.


TERMS OF 1ST TRUST DEEDS / WHOLESALE PROPERTIES

Typical loan amount is between $35,000 and $60,000
10% annually interest only for a period of one year.
Principal is repaid in full at the end of the one year period, or upon sale or refinance of the property,
whichever may occur earlier. No prepayment penalty to borrower.
Interest payments are paid monthly using simple interest. The investor has the option of receiving 12%
interest if the interest is rolled into the loan balance and payment is deferred to the date the principal is
repaid.


SECURITY

Investor holds First Deed of Trust.
Investor named as additional insured on the property.
Rehab funds are escrowed with a Closing Attorney and released only when an independent
licensed property inspector reviews and authorizes that work is completed per contract.


OTHER FEATURES

Prior to purchase Investor shall receive recent property comparables in the subject area and an
Independent property appraisal to support the After Repair Value of property.
Loan to Value not to exceed 60% of appraised amount for wholesale properties and 70% for retail
properties.
Fully documented loan closing with a Jackson, MS Closing Attorney who will handle all purchase and
rehab funds.
First Trust Deed Offer
posiive cash flow properties