Working Capital for Agricultural Development
Loan Amount * $75,000 Rate * 11.49% Appraised Value * $350,000 Term * 60 Months, Hybrid IO/Amortize Lien Position * First Our borrower was looking for operating capital when a friend experienced in private money lending suggested he talk with us. We were able to make...
Fast Short-Term Financing Saves Borrowers $50,000 on San Leandro Property
Loan Amount* $525,000 Collateral Valuation: * $1.2M Term * 4 months, First Lien, IO Rate * 8.99% Our Borrowers were in escrow to sell this property. The close of escrow was scheduled 15 days after the maturity of the existing loan which had a maturity penalty...
Equity Out and Quick Thinking for a Smart Borrower
Loan Amount* $700,000 Collateral Valuation: * $2.1M Term * 18 months, First Lien, IO Rate * 9.89% We financed two construction loans for our borrower and his partners in their newly developed business park in Desert Hot Springs. Our borrower owned this building free...
Beautiful Santa Barbara Residential Lot with Ocean Views
Loan Amount* $500,000 Collateral Valuation: * $1,010,000 Term * 9 months, First Lien, IO Rate * 10.89% Our borrowers are moving to Santa Barbara to build their dream home. The lot came with building plans which still need final approval. Construction financing was...
