Class Number: 2017-01***
Loan Number: R0267
Loan Amount: $204,375
Minimum Investment: $10,000
Call for availability of smaller participations
Type: First Deed of Trust
Yield: 8.0%*

Important Links:
How to Invest in This Loan
Suitability Requirements
Private Placement Memorandum
Loan Servicing Agreement
Audited Financial Statement for B & S
Inventory of Available Loans
To Be Added to Our Investor Email List

***This loan is being offered as an investment in a Limited Liability Company (LLC). The $800 LLC fee and tax preparation costs are to come from interest proceeds.

PROPERTY

Project: MARMOR COURT RESIDENTIAL
Property Address: 2829 Marmor Court, Sacramento CA 95826
Description: The subject property consists of a 1,533SF single family residence with 4 bedrooms and 2 bathrooms on a 6,690SF parcel located in Sacramento, CA.

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MARMOR COURT RESIDENTIAL

George says, "This is the first loan we have offered using our new Private Placement Memorandum. Unlike our traditional California registered offerings, out-of-state investors can participate in this loan; however, EVERY investor must be accredited."

"Because we would like to get at least one out-of-state investor in this first deal, we are limiting participants to just $50,000 maximum, and we'll accept investments as small as $5,000 for newcomers."

"Keep in mind that Blackburne & Sons was established in 1980, making us just about the oldest firm of our kind. We are Eagle Scouts - really, dad and both sons - so try us with some tiny amount."

"As to this particular deal, the loan-to-value ratio is higher than normally prudent; but the the borrower has successfully flipped 13 houses with us and has a great payment on three others. It's a reasonable risk."

Blackburne & Sons is pleased to present this new purchase money first trust deed secured by a 1,533SF four bedroom, two bathroom, single family residence on a 6,960SF parcel in Sacramento, California.

Sacramento is the capital city of California, and home to over 1.5 million citizens. Sacramento County is located in the middle of the Central Valley and extends from the low delta lands to about ten miles beyond the State Capital and east to the foothills of the Sierra Nevada Mountains. Sacramento is the core cultural and economic center of its four-county metropolitan area (El Dorado, Placer, Sacramento, and Yolo counties) and is the fourth-largest metropolitan area in California. There are 19 major public and private colleges and universities within the county, including California State University, Sacramento and University of California, Davis.

The property is roughly 5 miles from downtown Sacramento in a neighborhood consisting of average to good quality, single family homes that are well maintained. Employment, schools, parks, recreation, and shopping facilities are located within a three mile radius from the subject property. Marketing time in this neighborhood has consistently been 0-2 months, reflecting a shortage in supply.

Built in 1967, this ranch-style 1,533SF single family residence has four bedrooms and two bathrooms. The property sits on a 6,690SF site, and is composed of a concrete slab foundation with crawl space, stucco exterior walls and drywall interior. This property is currently vacant and is in mostly shell condition with only the kitchen complete. Our borrower will be using this loan to purchase the property for $270,743. He will be coming to closing with approximately $75,770 cash.

Our borrower, a single man, will be purchasing this property in order to renovate and then list for sale. He has a mid-credit score of 714, and reports a net worth of $1,539,375. As an engineer for the State of California, he reported an income of $218,781 in 2015, and $218,959 in 2014. He has filed an extension for his 2016 tax returns. This is a repeat borrower of Blackburne & Sons. We have made sixteen loans to him with great pay histories. Thirteen loans have paid off and three remain in our portfolio.

We engaged a local appraiser who valued this property “As Is” at $271,000.

At an 8.0% yield, and a 75.4% loan-to-value this appears to be a very reasonable investment. Investing in any first deed trust involves substantial risk. A large and prolonged decline in real estate values is possible. Be sure to read the Risk Factors section of the Offering Circular carefully before investing. Foreclosed property almost always needs to be renovated before it can be leased or sold, so be sure to maintain some liquidity.

Blackburne & Sons Realty Capital Corporation--For more information, contact Angela Vannucci
4811 Chippendale Drive, Suite 101, Sacramento, CA 95841
Telephone: (916) 338-3232 * Fax: (916) 338-2328
Real Estate Broker -- California Bureau of Real Estate -- License Number 829677 -- NMLS Number 103430
Publicly advertised to California residents only under California Department of Business Oversight business plan permit.
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