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...
RURAL LAND PURCHASE IN HUMBOLDT COUNTY, CA
Loan Amount: * $315,000.00 Rate: * 9.50% Appraisal Value: * $ 900,000 Term: * 36 months, IO Lien Position: * First / Second Our Borrowers were in contract to purchase a ranch/agricultural land for cannabis cultivation. Bank financing is not currently available for...
