Refinance Agriculture Loan with Cash-out for Improvements
Loan Amount * $225,000 Rate * 11.89% Appraised Value * $818,000 Term * 36 Months, Interest Only Lien Position * First Rate and term refinance on 400 acres of timber property with various improvements...
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...
