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...
Fresno Car Wash
Loan Amount * $520,000.00 Rate * 7.99% (12)/ 8.99% (24) Appraisal Value * $1,040,000 Term * 36 months Lien Position * First Our borrowers are real estate investors throughout mid and southern California and owned this car wash free and clear. We were able to provide a...
Equestrian Facility in Clackamas County, OR
Loan Amount: $675,000 Rate: 9.75% Appraisal Value: $1,125,000 Term: 15 Years Fully Amortizing Lien Position: First Our borrowers purchased this equestrian facility and need to refinance it. We were able to place them into a long term, fully amortizing loan. We also...
Purchase of Timberland in Humboldt County
Loan Amount: $207,000 Rate: 9.75% Appraisal Value: $450,000 Term: 12 months Lien Position: First Our borrowers recently came into ownership of their primary residence. A neighboring 45 acre timberland parcel came up for sale. To act quickly, the borrowers pledged...
