FIX AND FLIP IN MARICOPA COUNTY, AZ
Loan Amount * $260,000 Rate * 8.99% Appraised Value * $400,000 Term * 9 months, IO Lien Position * First This was a repeat borrower of ours. The borrower will do a major remodel and flip it for a...
HOME ON OVER 3 ACRES IN SAN BERNARDINO, CA
Loan Amount * $200,000 Rate * 9.99% Appraised Value * $400,000 Term * 24 months, IO Lien Position * First Our Borrower had been in escrow for over a year working on subdividing the property. The sellers were unwilling to another extension. We were able to make a 24...
LIGHT INDUSTRIAL CONDO IN HUMBOLDT COUNTY, CA
Loan Amount * $240,000 Rate * 10.00% Appraised Value * $400,000 Term * 36 months, IO with Balloons Lien Position * First Our Borrower was in contract to purchase a light industrial condo unit for cannabis manufacturing. The loan was structured as interest only...