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...
MANUFACTURED RENTAL PURCHASE IN SISKIYOU COUNTY, CA
Loan Amount: * $60,000.00 Rate: * 10.00% Appraisal Value: * $ 125,000 Term: * 10 months, IO Lien Position: * First Our Borrowers had private financing that fell thru at the last minute. We had 7 days to close the purchase. The borrowers will refinance with a local...
Long Term Refinance in Humboldt County, CA
Loan Amount: $237,500 Rate: 9.50% Combined Appraisal Value: $475,000 Term: 20 Year Amortization with a balloon in 10 years Lien Position: First Our borrowers needed to refinance an owner carryback that was maturing. They wanted the lowest amortizing payments we...
