Warehouse Refinance in Oakland, CA
Loan Amount * $600,000 Rate * 13.89% Appraised Value * $1,260,000 Term * 15 months Lien Position * First Our Borrower paid cash a few months prior for this warehouse. Our loan was a cash out refinance for property improvements. The borrower requested a fixed rate, 15...
Luxury Home in Rancho Santa Fe
Loan Amount: $1,000,000.00 Rate: 6.99% Appraisal Value: $2,450,000.00 Term: 24 months Lien Position: First Our borrower purchased this home 6 months earlier with cash. We were able to provide a cash out of $1 million for the borrower to invest the capital back into...
Land Lease Loan in La Mirada
Loan Amount: $585,000 Rate: 8.49% Appraisal Value: $1,600,000 Term: 24 months Lien Position: First The borrower purchased the building and restaurant with a seller carryback on a land lease in a large shopping center. Our loan paid off the seller carryback and...
3-unit Investment Purchase in San Francisco
Loan Amount: $850,000 Rate: 6.99% Appraisal Value: $1,700,000 Term: 24 months Lien Position: First This borrower was involved in a 1031 exchange. She was purchasing a 3 unit residential building in San Francisco. The main home had a solar lease so we worked with all...
