MANUFACTURED RENTAL PURCHASE IN SISKIYOU COUNTY, CA
Loan Amount: * $60,000.00 Rate: * 10.00% Appraisal Value: * $ 125,000 Term: * 10 months, IO Lien Position: * First Our Borrowers had private financing that fell thru at the last minute. We had 7 days to close the purchase. The borrowers will refinance with a local...
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...
VACATION RENTAL IN MOUNTAIN COMMUNITY IN NORTHERN CA
Loan Amount: * $70,000.00 Rate: * 11.00% Appraisal Value: * $120,000 Term: * 12 months, IO Lien Position: * First Our Borrower was in contract to purchase an investment property. Borrower needed a quick close and will pay off the loan thru vacation rental cash flow or...