Cash out Refi of a Lumber Mill in Sonoma County
Loan Amount * $2,400,000 Rate * 10.50% Appraised Value * $5,500,000 Term * 12 months, IO Lien Position * First Our borrowers had recently moved to a new location and needed capital to acquire inventory. We were able to provide the necessary capital via a cash out...
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...
