Equestrian Facility in Clackamas County, OR
Loan Amount: $675,000 Rate: 9.75% Appraisal Value: $1,125,000 Term: 15 Years Fully Amortizing Lien Position: First Our borrowers purchased this equestrian facility and need to refinance it. We were able to place them into a long term, fully amortizing loan. We also...
Purchase of Timberland in Humboldt County
Loan Amount: $207,000 Rate: 9.75% Appraisal Value: $450,000 Term: 12 months Lien Position: First Our borrowers recently came into ownership of their primary residence. A neighboring 45 acre timberland parcel came up for sale. To act quickly, the borrowers pledged...
Multiple Collateral Loan in Lake County
Loan Amount: $260,000 Rate: 8.99% Appraisal Value: $530,000 Term: 60 months Lien Position: First The borrower had multiple private money loans securing 7 properties and was refinancing every 12 to 24 months. We made a 60 month loan secured by all 7 with a partial...
Cash out Refinance on Oceanfront Home in Orange County
Loan Amount: $700,000 Rate: 6.99% Appraisal Value: $4,200,000 Term: 48 months Lien Position: First The borrower wanted a cash out refinance. Given the property location, we were able to make this loan at 6.99%, fixed for 18 months and then...
