Well Established Coffee Business Finds New Owners
Loan Amount * $570,000 Rate * Call to inquire Appraised Value * $880,000 Term * 36 Months, Interest Only Lien Position * First Our borrowers were in contract to purchase a business and real estate. Due to the “Start-up” nature of the business, bank financing was not...
Light Industrial Facility Near Interstate 5
Loan Amount * $750,000 Rate * 9.99% Appraised Value * $1,825,000 Term * 12 Months, Interest Only Lien Position * First Our borrower is an owner-operator but had trouble finding employees and had to stop operations for a time. The borrower was ready to begin operations...
Purchase Money for Log Home on 175 Acres Homestead
Loan Amount * $700,000 Rate * 9.99% adjustable Appraised Value * $1,425,000 Term * 60 Months, Interest only with balloons. Lien Position * First An experienced mountain land farmer purchased this property as company headquarters and to hold retreats. Due to the rural...
67,000 Square Feet Light Industrial Construction
Loan Amount * $3,900,000 Rate * 10.89% Appraised Value * $14,800,000 as complete Term * 30 Months, Construction Lien Position * First We typically don’t reach this high, but when we do, it’s with a first/second lien combination and we were willing with this repeat...
