City of Los Angeles, Investment Property with Views
Loan Amount: $600,000 Rate: 6.99% to 7.99% step rate Appraisal Value: $1,000,000 Term: 24 months Lien Position: First Borrower’s LLC had an option to purchase the property. Upon deciding to exercise their option, we were contacted to provide financing.This property...
High-end Property Flip in Hollywood Hills
Loan Amount: $905,000.00 Rate: 8.49% Appraisal Value: $1,575,000.00 Term: 24 months Lien Position: First Our borrower is a successful business man who specializes in buying, remodeling and flipping homes. The borrower will hire an architect and designer to maximize...
Los Altos Hills Rate and Term Refinance
Loan Amount * $1,000,000.00 Rate * 6.99% Combined Appraised Value * $ 4,700,000 Term * 24 months Lien Position * First Our borrower was looking for a rate and term refinance for a single family home located on just over 2 acres. We were able to place this loan at...
CASHOUT REFINANCE ON DISPENSARY IN MARICOPA COUNTY, AZ
Loan Amount: * $1,138,250 Rate: * 9.25% Appraisal Value: * $1,855,000 Term: * 15 year, fully amortizing Lien Position: * First Our borrower owned this property free and clear. The request was a cash out to purchase another medical cannabis dispensary. Since bank...