Purchase of Retail Store and Lounge
Loan Amount * $2,250,000 Collateral Valuation: * $3,900,000+ Term * 12 months, First Lien, IO A lifelong resident of San Francisco, who had a lot of real estate wanted to borrow as much towards the purchase price as he could. Getting creative, we were able to encumber...
So-Cal light industrial business park development
Loan Amount * $1,200,000 Collateral Valuation: * $4,630,000 Term * 18 months, IO A third partner to a couple other loans we have in this development owned his lot and wanted to construction a building. We like to work with repeat clients and that is reciprocated in...
Light Industrial Processing Facility in Sacramento, CA
Loan Amount * 1,950,000 Collateral Valuation: * $3,500,000 Term * 15 years, First Lien, Fully Amortizing Our borrower was in a bridge loan nearing maturity. Recognizing continuing to refinance every two to three years get very expensive, he requested a long-term loan!...
Two loans on light industrial construction in Desert Hot Springs, CA
Loan Amount * $1.17M (x2) Collateral Valuation: * $4.63M as complete (x2) Term * 18 months, Construction, IO Our borrowers are experienced developers and are about 75% complete building out an 18-building light industrial business park. We recognize the vision and...