Four-unit Income Property in Venice, CA
Loan Amount: $300,000 Rate: 7.99% to 8.99% step rate Appraisal Value: $1,300,000 Term: 24 months Lien Position: First A fast turnaround. The borrower needed to refinance the property and time was running out. This loan submission was received on a Thursday, and the...
Investment Property in Moreno Valley
Loan Amount: $141,000 Rate: 7.99% Appraisal Value: $235,000 Term: 36 months Lien Position: First This is a repeat borrower/investor who purchases and rehabs properties in Riverside County for rental value and/or short term...
Commercial Vacant Land in Crescent City, CA
Loan Amount: $75,000 Rate: 10% Appraisal Value: $ 150,000 Term: 6 months Lien Position: First We funded this loan in less than a week. The borrower needed short term liquidity while the property is being...
Mini Golf Facility in the Sacramento area
Loan Amount: $240,000 Rate: 8.75% Appraisal Value: $ 545,000 Term: 180 months Lien Position: First The borrower was referred to us by an institutional lender with whom we have a long-term relationship. The borrower needed to refinance a maturing loan and make sure the...
