Mini Storage Partner Buyout in Shasta County
Loan Amount: $200,000 Rate: 9.50% Appraisal Value: $400,000 Term: 24 months Lien Position: First The loan was made for a partner buyout as well as an escrow holdback for capital improvements. Once stabilized, the borrowers will be able to get bank...
Foreclosure Purchase in Humboldt County
Loan Amount: $225,000 Rate: 8.99% Appraisal Value: $375,000 Term: 6 months Lien Position: First Borrower was competing against multiple offers for this fix and flip. Our loan was used to compete as a cash offer and quick...
Distressed Commercial Purchase in Portland, OR
Loan Amount: $465,000 Rate: 9.50% Appraisal Value: $775,000 Term: 180 months Lien Position: First Borrower was purchasing this property from the seller who was in BK. Property was not bankable in its current state. Borrower requested fully amortizing...
Residential Ag Purchase in Ventura County
Loan Amount: $1,500,000 Rate: 10.50% Appraisal Value: $ 2,800,000 Term: 12 months Lien Position: First Borrower needed to close this loan quickly. This loan closed within 5 business days of initial...
