Fix and Flip in Phoenix, AZ
Loan Amount: $169,000 Rate: 8.99% Appraisal Value: $260,000 Term: 9 months Lien Position: First Our borrower is a contractor who does fix and flips. He was in the process of selling another fix and flip when this one came on the market. We were able to finance the...
Bridge Loan on Home in Foreclosure in Humboldt County
Loan Amount: $94,500 Rate: 9.25% Appraisal Value: $150,000 Term: 6 months Lien Position: First Property was days from auction. We were able to make a bridge loan for the...
Owner Occupied Office/Manufacturing in Milwaukie, OR
Loan Amount * $200,000.00 Rate * 9.49% Combined Appraised Value * $ 335,000 Term * 8 years fully amortizing Lien Position * First Our borrower was in contract to purchase an old veterinarian office. The borrower had previously rented space for her small manufacturing...
Sacramento, CA Infrastructure Construction Loan
Loan Amount * $800,000.00 Rate * 10.99% Combined Appraised Value * $ 3,600,000 Term * 10 months Lien Position * First Our borrower was beginning the construction of 12 homes located on the River in Sacramento. Our loan was to build the podiums for the eventual homes...
