Rehab for Rental in Northern California
Loan Amount * $160,000 Collateral Valuation: * $260,000 Term * 12 months, First Lien, IO Rate * 9.99% We underwrote the borrower’s ability to manage the renovation and did not require she hire a general contractor. Upon completion, she will exit our bridge loan with...
Cash out into Long term financing Option
Loan Amount * $350,000 Collateral Valuation: * $1,075,000 Term * 15 year fully amortizing First Lien Our borrower shopped around for a cash-out loan. Our offer met their needs and saved them the fees of refinancing every 2-4 years. We funded quickly with great terms:...
Capital Advance Pending Residential Sale
Loan Amount * $250,000 Collateral Valuation: * $500,000 Term * 6 months, First Lien, IO Rate * 9.00% The borrowers are building a home in another state closer to family. They are selling their current home to finance the construction of their new residence. They had a...
Lakefront Home – Lake Tahoe
Loan Amount * $525,000 Collateral Valuation: * $1,950,000 Term * 36 months, First Lien, IO Rate * 6.99% Our Borrower owned this vacation home free and clear and needed cash out quickly for business expansion. Our loan will be paid off a conventional...
