East Bay Investment Property
Loan Amount: $470,000 Rate: 7.99% Appraisal Value: $ 970,000 Term: 24 months Lien Position: First These out-of-state borrowers had an accepted offer on this newly renovated investment property in East Bay and, at the pace of conventional financing, time was running...
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...
