Construction Loan in Truckee, CA
Loan Amount * $500,000 Collateral Valuation * $1,175,000 Term *12 months, First Lien, IO Our borrower is a contractor building upgraded spec homes in Truckee, CA. He has recently built and sold two homes and is on his third project. Our loan will fund the...
Six-unit Apartment In High Housing Demand Area
Loan Amount * $550,000 Collateral Valuation * $950,000 Term *12 months, First Lien, IO Our Borrower acquired a multi-family lot in a 1031 exchange. He diligently worked on the entitlements and permitting of a 6-unit apartment building. Commercial construction with...
Ag Loan in Yolo County
Loan Amount * $1,400,000 Rate * 8.75% Appraised Value *$14,990,000 Term * 12 months, IO Lien Position * First Our Borrower was in contract to purchase a neighboring farm. We were asked to make a loan on the subject property for the acquisition and build out (planting)...
Vacation Rental Purchase in Jackson County, OR
Loan Amount * $198,000 Rate * 8.99% Appraised Value * $330,000 Term * 24 months, IO Lien Position * First Our Borrower was in contract to purchase a vacation rental. The Borrower did not have time for conventional financing. We were able to make the Borrower a...
