Full amortizing loan term on income producing farm
Loan Amount * $485,000 Collateral Valuation * $1,390,000 Term * 15 year Rate * 10.89% Our borrower owns a 19 acre parcel with a farmhouse and income producing agriculture. He opted to stop loan hopping and went with our 15-year fully amortizing loan structure. We have...
8-Lot Subdivision
Loan Amount * $1,560,000 Rate * 10.89% ReProp’s Value * $2,590,000 Term * 18 Months, Interest Only Lien Position * First Our borrower has been working on the subdivision for years and has obtained a final map approval from the city. Our loan was used for the purchase...
Office complex refinance
Loan Amount * $1,100,000 Rate * 9.5% ReProp’s Value * $1,800,000 Term * 18 Months, Interest Only step Lien Position * First A return borrower came to us when another lender called their loan due. We paid off the prior lender and allowed a subordinate 2nd lien behind...
Gas Station interest buy-out
Loan Amount * $725,000 Rate * 9.49% ReProp’s Value * $1,590,000 Term * 24 Months, Interest Only Step Lien Position * First A return borrower came to us to buy out the ownership interest of a shared inheritance interest in the property and needed a quick close. He...
