Long Term Refinance in Humboldt County, CA
Loan Amount: $237,500 Rate: 9.50% Combined Appraisal Value: $475,000 Term: 20 Year Amortization with a balloon in 10 years Lien Position: First Our borrowers needed to refinance an owner carryback that was maturing. They wanted the lowest amortizing payments we...
INVESTMENT PURCHASE OF COMMERCIAL PROPERTY IN ALAMEDA COUNTY, CA
Loan Amount: * $292,500.00 Rate: * 9.00% Appraisal Value: * $ 585,000 Term: * 18 months, IO Lien Position: First Our borrowers had been in escrow for a while trying for conventional financing. Time was running out and they needed a bridge loan to close the purchase...
FIX AND FLIP IN NORTHERN CA
Loan Amount: * $70,000.00 Rate: * 9.25% Appraisal Value: * $ 170,000.00 Term: * 12 months, IO Lien Position: * First Our Borrower is an experienced fix and flip real estate investor. Given the poor condition of the home, conventional financing was not available....