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...
CASHOUT FOR ANOTHER PURCHASE IN HUMBOLDT COUNTY, CA
Loan Amount * $300,000 Rate * 7.00% Appraised Value * $600,000 Term * 11 months, IO Lien Position * First Our borrower owned this home free and clear along with another rental property. We were able to make a loan secured by both properties for a purchase of another...
ACQUISITION IN NORTHERN LOS ANGELES COUNTY, CA
Loan Amount * $1,235,000 Rate * 8.75% Appraised Value * $1,900,000 Term * 9 months, IO Lien Position * First This is another repeat borrower who acquires homes in need of major remodeling. Our loan was for the purchase of the home. The borrower will work on the...
FIX AND FLIP IN MARICOPA COUNTY, AZ
Loan Amount * $260,000 Rate * 8.99% Appraised Value * $400,000 Term * 9 months, IO Lien Position * First This was a repeat borrower of ours. The borrower will do a major remodel and flip it for a...