Rural Land Loan Refinance
Loan Amount: $114,000.00 Rate: 11.00% Appraisal Value: $340,000.00 Term: 24 months Lien Position: First Our borrower spent the last 5 years subdividing a parcel. He was involved with 3 other partners and the loan was an owner carry. We were able to provide our...
Beverly Hills land Lot Purchase
Loan Amount: $400,000.00 Rate: 8.99% Appraisal Value: $1,050,000.00 Term: 24 months Lien Position: First This was a returning borrower who was in contract to purchase a hillside lot in Beverly Hills. The seller was involved in a 1031 exchange and time was of the...
Restaurant Building Upgrade
Loan Amount: $75,000.00 Rate: 10.25% Appraisal Value: $300,000.00 Term: 60 months Lien Position: Second Our borrower is a restaurant operator who needed cash to remodel and upgrade a rundown restaurant site she wanted to lease. The owner of the building was willing to...
Multi-Collateral Cash-out Refinance
Loan Amount: $207,500 Rate: 8.75% Appraisal Value: $710,000 Term: 36 months Lien Position: First & Second ($160,000 existing first) Our borrowers needed cash quickly. This transaction required residential and agriculture collateral located in two separate...
