PURCHASE OF BUILDING LOT WITH TIMBER IN NORTHEN CA
Loan Amount: * $212,500.00 Rate: * 10.25% Appraisal Value: * $425,000.00 Term: * 24 months / 6 month, IO Lien Position: * First Our Borrowers were in contract to purchase a 10 acre wooded lot. Conventional financing is tough for this collateral type. Our bridge loan...
NOTE PURCHASE ON WAREHOUSE IN HUMBOLDT COUNTY, CA
Loan Amount: * $1,780,000.00 Rate: * 11.50% Appraisal Value: * $3,350,000.00 Term: * 48 months, IO Lien Position: * First Our Borrower had defaulted on his note with a local financial institution. After working thru difficult times, the owner was able to lease the...
OWNER OCCUPIED DISPENSARY PURCHASE IN OR
Loan Amount: * $225,000.00 Rate: * 11.00% Appraisal Value: * $375,000 Term: * 10 Year Fully Amortizing Lien Position: * First Our Borrower owned and ran a dispensary in this building for a couple years. The owner wanted to sell and our Borrower was the best buyer for...
CATTLE RANCH IN MODOC COUNTY, CA
Loan Amount: * $620,000.00 Rate: * 9.50% Appraisal Value: * $ 2,300,000 Term: * 12 months, IO Lien Position: * First Our Borrower was buying out a partner and time was of the essence. While the Borrower is bankable, he couldn’t run the risk of not closing in time for...
