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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 4/15/24 ILS Fixed Horizon LLC 1-A/A 4/12/24 10:2.4M Securex Filings/FA |
Document/Exhibit Description Pages Size
1: 1-A/A Pre-Qualification Amendment to Offering Statement HTML 18K
-- primary_doc.xml
2: PART II AND III Amendment No. 6 HTML 585K
3: EX1A-2B BYLAWS Exhibit 1A-2B HTML 139K
4: EX1A-4 SUBS AGMT Exhibit 1A-4 HTML 106K
5: EX1A-6 MAT CTRCT Exhibit 1A-6.1 HTML 122K
6: EX1A-6 MAT CTRCT Exhibit 1A-6.2 HTML 68K
7: EX1A-11 CONSENT Exhibit 1A-11 HTML 7K
8: EX1A-12 OPN CNSL Exhibit 1A-12 HTML 21K
9: ADD EXHB Exhibit 1A-15 HTML 43K
10: ADD EXHB Exhibit 1A-15.2 HTML 6K
Exhibit 1A-6.2
| Loan Number | [[LOAN NUMBER]] |
| Borrower | [[BORROWER]] |
| Collateral Property Address | [[STREET ADDRESS]] [[CITY STATE AND ZIP]] |
LOAN PURCHASE CERTIFICATE
THIS LOAN PURCHASE CERTIFICATE including addenda (collectively the “Loan Purchase Certificate”) is entered into by and between, ILS FIXED HORIZON LLC, A TEXAS LIMITED LIABILITY COMPANY, the “Buyer” and ILS RE CAPITAL LLC, A TEXAS LIMITED LIABILITY COMPANY, the “Seller”, and is executed pursuant to and in accordance with the terms of that certain Master Loan Purchase and Sale Agreement executed between the parties.
The rights and obligations of the Parties to this Loan Purchase Certificate are governed by the Master Agreement, executed between the parties which (i) is fully incorporated herein by reference as if set forth in full herein and (ii) shall govern the sale by Seller to Buyer of the Loans described in this Loan Purchase Certificate below.
Seller does hereby agree to sell, assign, set over and otherwise convey, and Buyer does hereby agree to purchase from Seller, all of Seller’s right, title and interest to the Loans identified on Schedule “1” hereto, for a price equal to the Purchase Price set forth on Schedule “1” hereto.
LOAN PURCHASE CERTIFICATE DATE: _____________________, 2023
This Loan Purchase Certificate consists of the following documents:
| Loan Purchase Certificate |
| Schedule 1 – Transaction Details |
| Schedule 2 – Settlement Statement |
| Schedule 3 – Invoice |
| Schedule 4 – Allonge |
| Schedule 5 – True and Correct Copy of the Note, Security Instrument, Title Commitment or Loan Title Policy, and the Assignment/Transfer of Lien form |
| Transfer and Assignment of Lien |
This Loan Purchase Certificate is for the purchase and sale of the rights, title, claims and interests in and to, excluding any rights retained in the Master Agreement and/or herein as described in the Loan Purchase Certificate and addenda, the Loan and Loan Documents executed by:
[[BORROWER]] in favor of ILS LENDING LLC, A TEXAS LIMITED LIABILITY COMPANY on [[LOAN DATE]], secured by the following real property:
[[STREET ADDRESS]]
[[CITY STATE AND ZIP]]
Loan Purchase Certificate and Addenda | Page 1 |
The parties hereto have executed this Loan Purchase Certificate as of the Loan Purchase Certificate Date set forth above.
SELLER:
ILS RE CAPITAL LLC, A TEXAS LIMITED LIABILITY COMPANY
BY: ILS RE CAPITAL MGMT CORP, MANAGER
_________________________________________
BY: DONALD J. SUTTON, PRESIDENT
BUYER:
ILS FIXED HORIZON LLC, A TEXAS LIMITED LIABILITY COMPANY
BY: ILS FIXED HORIZON MGMT CORP, MANAGER
_________________________________________
BY: DONALD J. SUTTON, PRESIDENT
Loan Purchase Certificate and Addenda | Page 2 |
SCHEDULE 1 - TRANSACTION DETAILS
| Loan Number | [[LOAN NUMBER]] |
| Name of Borrower | [[BORROWER]] |
| Collateral Property Full Address | [[STREET ADDRESS]] [[CITY STATE AND ZIP]] |
| Original Lender | ILS LENDING LLC, A TEXAS LIMITED LIABILITY COMPANY |
| Current Lender | ILS RE CAPITAL LLC, A TEXAS LIMITED LIABILITY COMPANY |
| Buyer | ILS FIXED HORIZON LLC, A TEXAS LIMITED LIABILITY COMPANY |
| Date of Loan | [[LOAN DATE]] |
| Original Maturity Date | [[MATURITY DATE]] |
| Note Interest Rate Face Value | 10.99% |
| Buyer’s Purchase Interest Rate | 8.99% |
| Fees retained by Loan Servicer | Monthly Loan Servicing Fee of $40.00 and extension fees due by Borrower |
| Interest Spread Rate | 2.00% |
| Lien Position | FIRST |
| Principal Loan Amount | $100,001.25 |
| Loan Holdback Amount | $10,001.25 |
| Unpaid Principal Balance | $100,001.25 |
| Accrued Interest | $0.00 |
| Loan Document Fee | $65.00 |
| Document Delivery and Recording Fee | $135.00 |
| Total Purchase Price | $100,201.25 |
| Repurchase Terms | Aggregate principal, interest and fees |
PAYMENTS TO PURCHASER:
Under the terms of this Agreement, Loan Servicer shall pay to Lender/Buyer 8.99% per annum (the “Lender Rate”) with monthly payments in the amount of $_________________amortized over _____________months which equates to the maturity date of the Note. This payment shall be due and payable on the 15th or at the end of the month after note payment is received from the borrower (“Lender Payments”). The Loan Servicer Fee shall be $_____________each payment. The first payment shall occur on ______________________________________________.
Loan Purchase Certificate and Addenda | Page 3 |
SELLER:
ILS RE CAPITAL LLC, A TEXAS LIMITED LIABILITY COMPANY
BY: ILS RE CAPITAL MGMT CORP, MANAGER
_________________________________________
BY: DONALD J. SUTTON, PRESIDENT
BUYER:
ILS FIXED HORIZON LLC, A TEXAS LIMITED LIABILITY COMPANY
BY: ILS FIXED HORIZON MGMT CORP, MANAGER
_________________________________________
BY: DONALD J. SUTTON, PRESIDENT
Loan Purchase Certificate and Addenda | Page 4 |
SCHEDULE 2 - SETTLEMENT STATEMENT
| Loan Number | [[LOAN NUMBER]] |
| Borrower | [[BORROWER]] |
| Collateral Property Address | [[STREET ADDRESS]] [[CITY STATE AND ZIP]] |
Effective Date: _____________________, 2023
| SELLER: | ILS RE CAPITAL LLC, A TEXAS LIMITED LIABILITY COMPANY |
| BUYER: | ILS FIXED HORIZON LLC, A TEXAS LIMITED LIABILITY COMPANY |
SETTLEMENT STATEMENT
| Purchase/Assign Price: | ||||
| Unpaid Principal Balance of Loan: | $100,001.25 | |||
| Credits for Escrows: | NONE | |||
| TOTAL DUE FROM PURCHASER TO SELLER: | $100,001.25 | |||
| Purchase/Assign Price with Fees: | ||||
| Unpaid Principal Balance Loan Payable to Loan Source LLC | $100,001.25 | |||
| Payoff Debit for Escrows: | NONE | |||
| Loan Document Preparation to Loan Source LLC ($450 Disc) | $65.00 | |||
| Document Delivery and Recording Fee to Loan Source LLC | $135.00 | |||
| TOTAL DUE FROM/TO PURCHASER to Loan Source LLC: | $100,201.25 | |||
SELLER:
ILS RE CAPITAL LLC, A TEXAS LIMITED LIABILITY COMPANY
BY: ILS RE CAPITAL MGMT CORP, MANAGER
_________________________________________
BY: DONALD J. SUTTON, PRESIDENT BUYER:
ILS FIXED HORIZON LLC, A TEXAS LIMITED LIABILITY COMPANY
BY: ILS FIXED HORIZON MGMT CORP, MANAGER
_________________________________________
BY: DONALD J. SUTTON, PRESIDENT
Loan Purchase Certificate and Addenda | Page 5 |
SCHEDULE 3 - INVOICE
LOAN SOURCE LLC
210 Market Street / PO Box 1611
_______________________, 2023
INVOICE
Loan Number: Seller: |
[[LOAN NUMBER]] ILS RE CAPITAL LLC, A TEXAS LIMITED LIABILITY COMPANY |
| Buyer: | ILS FIXED HORIZON LLC, A TEXAS LIMITED LIABILITY COMPANY |
| Borrower: | [[BORROWER]] |
| Collateral Property Address: | [[STREET ADDRESS]] [[CITY STATE AND ZIP]] |
| TASK | ESCROW AMOUNT |
AMOUNT DUE |
Unpaid Principal of Loan Amount (LSLLC-AP Loan Amount to Seller) |
$100,001.25 | |
Payoff Debit for Escrows (LSLLC-AP) |
NONE | |
Loan Doc Prep Fee ($450.00 Disc) (LSLLC-AP) |
$65.00 | |
Document Delivery / Recoding fees (LSLLC-AP) |
$135.00 | |
Interim Interest Split (Seller-TBC) (LSLLC-AP Calculate Note Start to Fund Date) |
$___________________________ | |
Interim Interest Split (Buyer-TBC) (LSLLC-AP Calculate Fund Date to Pmt Date) |
$___________________________ | |
Holdback Repairs (TBC) (LSLLC-Transfer to New Lender Loan Managed) |
$___________________________ | |
Escrow for Taxes and Insurance (TBC) (LSLLC-Transfer to New Lender Loan Managed) |
$___________________________ | |
| TOTAL DUE | $100,201.25 |
Please wire funds for $100,201.25 to:
Bank Name:
Bank Address:
ABA Routing #:
Account Name:
Account Address:
Account Number:
Thank you!
Loan Purchase Certificate and Addenda | Page 6 |
| Loan Number | [[LOAN NUMBER]] |
| Borrower | [[BORROWER]] |
| Collateral Property Address | [[STREET ADDRESS]] [[CITY STATE AND ZIP]] |
ALLONGE
The undersigned “Assignor” executes the following endorsement with the same intent and purpose as if written and signed on the back of that certain Promissory Note (the “Note”) dated effective as of [[LOAN DATE]], executed by [[BORROWER]], and secured by the property commonly known as [[STREET ADDRESS]], [[CITY STATE AND ZIP]] and payable to the order of ILS LENDING LLC, A TEXAS LIMITED LIABILITY COMPANY in the original principal amount of $100,001.25 and hereby authorizes the attachment hereof to the above described instrument, so as to become firmly affixed thereto that it is to become a part thereof.
This Allonge is affixed to, and is hereby made a part of the Note for the benefit of ILS RE CAPITAL LLC, A TEXAS LIMITED LIABILITY COMPANY (the “Seller”) and evidences the endorsement of the Note by Seller as provided in that certain Master Loan Purchase and Sale Agreement executed by and between Seller and ILS FIXED HORIZON LLC, A TEXAS LIMITED LIABILITY COMPANY (the “Buyer”).
The Note is hereby made PAYABLE TO THE ORDER OF________________________________________.
SELLER:
ILS RE CAPITAL LLC, A TEXAS LIMITED LIABILITY COMPANY
BY: ILS RE CAPITAL MGMT CORP, MANAGER
_________________________________________
BY: DONALD J. SUTTON, PRESIDENT
Loan Purchase Certificate and Addenda | Page 7 |
SCHEDULE 5 – COPIES
| 1. | NOTE |
| 2. | SECURITY INSTRUMENT |
| 3. | TITLE COMMITMENT OR LOAN TITLE POLICY |
| 4. | TRANSFER AND ASSIGNMENT OF LIEN |
Loan Purchase Certificate and Addenda | Page 8 |
| PARCEL ID: __________________ | INSTRUMENT PREPARED BY: |
| AFTER RECORDING RETURN TO: | STEPHANIE WILSON |
| LOAN SOURCE LLC | PO BOX 1611 |
| PO BOX 1611 | EL CAMPO TEXAS 77437 |
| EL CAMPO TEXAS 77437 |
[SPACE ABOVE THIS LINE FOR RECORDING]
LOAN NUMBER: [[LOAN NUMBER]]
TRANSFER AND ASSIGNMENT OF LIEN
| STATE OF________________________ | § |
| COUNTY OF______________________ | § |
INDEXING:
| EFFECTIVE DATE: | _____________________, 2023 |
| APN: | _____________________________ |
| GRANTOR/ASSIGNOR: | ILS RE CAPITAL LLC, A TEXAS LIMITED LIABILITY COMPANY |
| ADDRESS: | PO BOX 1227 / 210 MARKET STREET EL CAMPO, TEXAS 77437 |
| GRANTEE/ASSIGNEE: | ILS FIXED HORIZON LLC, A TEXAS LIMITED LIABILITY COMPANY |
| ADDRESS: | PO BOX 1227 / 210 MARKET STREET |
| REFERENCE TO: | INSTRUMENT # ________________________ |
| PROPERTY ADDRESS: | [[STREET ADDRESS]] [[CITY STATE AND ZIP]] |
| LEGAL DESCRIPTION: | |
FOR VALUE RECEIVED, the undersigned hereby grants, assigns, and transfers to: ILS FIXED HORIZON LLC, A TEXAS LIMITED LIABILITY COMPANY all beneficial interest under that Certain Mortgage, Deed of Trust, and/or Security Instrument dated: [[LOAN DATE]] and recorded on _____________ under recorded Instrument Number:______________________ and the Assignment of Leases recorded under Instrument Number: ______________________, executed by [[BORROWER]] to ILS LENDING LLC, A TEXAS LIMITED LIABILITY COMPANY in the amount of $100,001.25 executed by [[BORROWER]] to ILS LENDING LLC, A TEXAS LIMITED LIABILITY COMPANY in the amount of $100,001.25 TOGETHER will the Note therein described or referred to, the money due and to become due thereon with interest, and all rights accrued or to accrue under said Security Instrument.
Transfer and Assignment of Lien
| Page 1 |
ASSIGNOR:
ILS RE CAPITAL LLC, A TEXAS LIMITED LIABILITY COMPANY
BY: ILS RE CAPITAL MGMT CORP, MANAGER
| DATE: | |||
| BY: DONALD J. SUTTON, PRESIDENT |
| STATE OF TEXAS | § |
| COUNTY OF WHARTON | § |
This instrument was acknowledged before me on __________________________________, 2023 by DONALD J. SUTTON AS PRESIDENT OF ILS RE CAPITAL MGMT CORP.
| Notary Public, State of Texas | ||
| My commission expires: | ||
Transfer and Assignment of Lien
Page 2
| This ‘1-A/A’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| Filed as of: | 4/15/24 | None on these Dates | ||
| Filed on: | 4/12/24 | |||
| List all Filings | ||||