Luxury Home in Rancho Santa Fe
Loan Amount: $1,000,000.00 Rate: 6.99% Appraisal Value: $2,450,000.00 Term: 24 months Lien Position: First Our borrower purchased this home 6 months earlier with cash. We were able to provide a cash out of $1 million for the borrower to invest the capital back into...
Land Lease Loan in La Mirada
Loan Amount: $585,000 Rate: 8.49% Appraisal Value: $1,600,000 Term: 24 months Lien Position: First The borrower purchased the building and restaurant with a seller carryback on a land lease in a large shopping center. Our loan paid off the seller carryback and...
3-unit Investment Purchase in San Francisco
Loan Amount: $850,000 Rate: 6.99% Appraisal Value: $1,700,000 Term: 24 months Lien Position: First This borrower was involved in a 1031 exchange. She was purchasing a 3 unit residential building in San Francisco. The main home had a solar lease so we worked with all...
City of Los Angeles, Investment Property with Views
Loan Amount: $600,000 Rate: 6.99% to 7.99% step rate Appraisal Value: $1,000,000 Term: 24 months Lien Position: First Borrower’s LLC had an option to purchase the property. Upon deciding to exercise their option, we were contacted to provide financing.This property...
