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...
Development Opportunity in Humboldt County, CA
Loan Amount: $70,000 Rate: 8.75% Appraisal Value: $120,000 Term: 12 months, IO Lien Position: First This is a repeat borrower who was purchasing a property that would not qualify for bank financing. There are many opportunities with the property; either rehabbing the...
Investment Purchase in Hood River County, OR
Loan Amount: $315,000.00 Rate: 9.25% Appraisal Value: $525,000 Term: 24 months, IO Lien Position: First Our borrowers plan to eventually move to Hood River County for retirement. An opportunity came up too good to pass up so they decided to purchase the home and rent...
