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...
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...