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...
MULTI-COLLATERAL REFINANCE IN RURAL HUMBOLDT COUNTY, CA
Loan Amount * $650,000 Rate * 9.50% Appraised Value * $2,000,000 Term * 6 months, IO Lien Position * First Our Borrower owned two permitted cannabis cultivation properties free and clear. The Borrower was in contract on another investment property to flip. We were...
AFFORDABLE HOUSING LOTS IN SAN BERNARDINO COUNTY, CA
Loan Amount * $400,000 Rate * 9.75% Appraised Value * $1,260,000 Term * 48 months, IO Lien Position * First Our borrower purchased a number of affordable housing lots in a manufactured home park from the City. The real estate was owned free and clear and we were able...
