Two Buildings in Downtown Pittsburg, CA
Loan Amount* $725,000 Collateral Valuation: * $1,745,000 Term * 36 months, First Lien, IO Rate * 9.25% Our borrower needed to pay off a prior lender whose personal entanglement was complicating their commercial real estate ownership. We were glad to simplify life...
Cash-Out 170 Acre Rural Ag Parcel in Lake County
Loan Amount* $2M Collateral Valuation: * $5,500,000 Term * 180 month, First Lien, Fully Amortizing Rate * Prime+7.24% Our experienced borrowers were converting an old orchard and vineyard to an alternative use. The cash out was used for improvements and working...
Lowland Farm for Cattle Grazing by Experienced Rancher
Loan Amount* $370,000 Collateral Valuation: * $745,000 Term * 24 months, First Lien, IO Rate * 9.25% A return borrower rancher came to us to refinance a 100-acre ranch with a small farmhouse and outbuildings. Flood zone land has value for people who know how to use...
