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...
Fix and Flip in Alameda County
Loan Amount * $725,000.00 Rate * 9.75% Appraised Value * $1,200,000 Term * 12 months, IO Lien Position * First A repeat Borrower of ours was in contract to purchase a home in the East Bay. We financed the...
Construction Loan for SFR in Humboldt County
Loan Amount * $245,000 Rate * 9.50% Appraised Value * $446,700 Term * 12 months, IO Lien Position * First Our Borrower needed a construction loan to build his home. He qualified for bank financing but needed to move quickly. We were able to finance the construction...
Four-unit Construction Loan in Humboldt County
Loan Amount * $400,000 Rate * 9.25% Appraised Value * $650,000 Term * 36 months, IO Lien Position * First Our Borrower was getting close on his building permit expiration and needed to move quickly. After working with banks for months, our Borrower was referred to us...
