Commercial: Rate and Term Refinance of Exotic Car Dealership, Costa Mesa CA
Loan Amount * $2,075,000 Collateral Valuation: * $4,300,000 Term * 18 months, First Lien, IO Rate * 8.89% Extension of current financing with refinance while finding a great buyer. Our borrower is preparing to sell his real estate. The current tenant is an exotic car...
Commercial Mixed-Use Real Estate Refi in Humboldt County, CA
Loan Amount * $295,000 Rate * 9.89% Appraised Value * $590,000 Term * 36 months, IO Lien Position * First Our Borrower acquired this real estate with seller carry back financing. The loan had matured and we were able to provide a bridge loan while the Borrower...
Multi-Collateral Loan in Sacramento County, CA
Loan Amount * $525,000 Rate * 7.99% Appraised Value * $1,520,000 Term * 18 months, IO Lien Position * First Our Borrower owned a mixed-use property free and clear and wanted to use the equity to purchase a restaurant. We were able to make the loan by securing both...
Purchase of Timberland in Humboldt County
Loan Amount * $1,000,000 Rate *9.50% Appraised Value * $2,000,000 Term * 12 months, IO Lien Position * First Our Borrowers were in contract to purchase ~400 acres of timberland. They were approved for financing from a local bank but were advised it would be difficult...