Purchase of Timberland in Humboldt County
Loan Amount * $1,000,000 Rate *9.50% Appraised Value * $2,000,000 Term * 12 months, IO Lien Position * First Our Borrowers were in contract to purchase ~400 acres of timberland. They were approved for financing from a local bank but were advised it would be difficult...
Multi-Collateral Loan in Humboldt County
Loan Amount * $175,000 Rate * 8.75% Appraised Value * $520,000 Term * 60 months, IO Lien Position * First Our Borrower was in contract to purchase an investment property. The Borrower owned a multi-family unit free and clear and wanted to use it as additional...
Refi of Unique SFR in Humboldt County
Loan Amount * $300,000 Rate * 8.99% Appraised Value * $615,000 Term * 12 months, IO Lien Position * First Our Borrower purchased this home a couple years ago. The Borrower invested a lot of money into property improvements and wanted to pull some cash out while the...
Purchase Money loan on SFR in LA County
Loan Amount * $249,000 Rate * 7.99% Appraised Value * $2,225,000 Term * 18 months, IO Lien Position * First Our Borrower was in contract to purchase an investment property. Bank financing wouldn’t have been very timely because the loan was made to an entity with a...
