Quick Cash Out in Rural Humboldt County, CA
Loan Amount: $1,500,000 Rate: 11.5% Combined Appraisal Value: $3,690,000 Term: 9 months, IO Lien Position: First Our borrowers were in escrow on an investment purchase and needed to quickly pull equity out of 3 of their free and clear properties for a short period of...
Flip Purchase in Los Angeles County, CA
Loan Amount: $972,000 Rate: 8.75% Appraisal Value: $1,525,000 Term: 9 months, IO Lien Position: First This is a very desirable neighborhood with a dated home. Our borrower plans to update and possibly add additional square footage before flipping...
Development Opportunity in Humboldt County, CA
Loan Amount: $70,000 Rate: 8.75% Appraisal Value: $120,000 Term: 12 months, IO Lien Position: First This is a repeat borrower who was purchasing a property that would not qualify for bank financing. There are many opportunities with the property; either rehabbing the...