Renovation for Rental in Humboldt County
Loan Amount: $100,000 Rate: 9.50% Value: $140,500 Term: 12 interest only Lien Position: First Our borrower’s experienced eye in residential rehabilitation recognized the value in this unmaintained house when it went to the sale. Her family business purchased the...
LIGHT INDUSTRIAL REAL ESTATE PURCHASE IN HUMBOLDT COUNTY, CA
Loan Amount * $2,000,000 Rate * 12.89% Appraised Value * $4,330,000 Term * 24 months, IO Lien Position * First Our Borrowers were in escrow for the purchase of an industrial site that is in the permitting process for cannabis cultivation and manufacturing. The loan...
RURAL RANCH IN TRINITY COUNTY, CA
Loan Amount * $975,000 Rate * 11.89% Appraised Value * $1,950,000 Term * 12 months, IO Lien Position * First Our Borrower was in escrow on a purchase for a 118 acre ranch in Trinity County. Financing fell thru and the deal was about to be canceled. We were able to...
O/O LIGHT INDUSTRIAL CONDO IN MULTNOMAH COUNTY, OR
Loan Amount * $1,500,000.00 Rate * 11.89% Appraised Value * $2,750,000 Term * 10 years, IO then Amortizing Lien Position * First Our Borrower was expanding its cultivation, manufacturing, and retail cannabis business. We were able to make a loan to the Borrower...
