INVESTMENT PURCHASE OF COMMERCIAL PROPERTY IN ALAMEDA COUNTY, CA
Loan Amount: * $292,500.00 Rate: * 9.00% Appraisal Value: * $ 585,000 Term: * 18 months, IO Lien Position: First Our borrowers had been in escrow for a while trying for conventional financing. Time was running out and they needed a bridge loan to close the purchase...
VACATION RENTAL IN MOUNTAIN COMMUNITY IN NORTHERN CA
Loan Amount: * $70,000.00 Rate: * 11.00% Appraisal Value: * $120,000 Term: * 12 months, IO Lien Position: * First Our Borrower was in contract to purchase an investment property. Borrower needed a quick close and will pay off the loan thru vacation rental cash flow or...
Quick Cash Out in Rural Humboldt County, CA
Loan Amount: $1,500,000 Rate: 11.5% Combined Appraisal Value: $3,690,000 Term: 9 months, IO Lien Position: First Our borrowers were in escrow on an investment purchase and needed to quickly pull equity out of 3 of their free and clear properties for a short period of...
Flip Purchase in Los Angeles County, CA
Loan Amount: $972,000 Rate: 8.75% Appraisal Value: $1,525,000 Term: 9 months, IO Lien Position: First This is a very desirable neighborhood with a dated home. Our borrower plans to update and possibly add additional square footage before flipping...
