Rental Property Purchase in Riverside
Loan Amount: $150,000 Rate: 7.99% Appraisal Value: $ 340,000 Term: 36 months Lien Position: First This loan was made to purchase a short sale rental investment located in Riverside County. The borrower plans to refinance with a conventional loan after 2 years of...
Rental Property in San Diego
Loan Amount: $415,000 Rate: 7.99% Appraisal Value: $1,000,000 Term: 36 months Lien Position: First Non-conforming – no problem. This 4-plex is located in the Pacific Beach/Crown Point area of San Diego. This borrower needed to lower his borrowing costs and we...
Multi-Tenant Retail & Office Property
Loan Amount: $725,000 Rate: 10% Appraisal Value: $2,290,000 Term: 24 months Lien Position: First This loan was made on five, Class C, retail and office buildings and adjacent vacant land located in Vallejo, CA owned by a private lending firm who had to foreclose out...
