Luxury Home in Tempe, Arizona
Loan Amount: $200,000 Rate: 7.99% Appraisal Value: $510,000 Term: 6 months Lien Position: First This property was purchased by the borrower, a developer, a few months ago and was completely renovated. The borrower owned it free and clear of encumbrances and needed a...
Light-Industrial Properties in Ventura
Loan Amount: $1,000,000 Appraisal Value: $ 2,000,000 Term: 24 months Lien Position: First This transaction involved cross-collateralized loans, collateral in different states and multiple long term-tenants. The borrower was in the process of restructuring and...
Trinity County Fixer Upper Motel
Loan Amount: $135,000 Rate: 9.75% Appraisal Value: $ 360,000 Term: 15 years Lien Position: First This borrower had an existing loan with us and wanted to purchase a fixer-upper motel in Trinity County owned by and investment fund and managed by a REO disposition...
Multi Collateral Construction Loan
Loan Amount: $1,000,000 Rate: 6.99% Appraisal Value: $ 3,000,000 Term: 2 years Lien Position: First Our borrower is a well-established real estate developer with plenty of free and clear real estate assets. He needed $1,000,000 in a week or less to fund the completion...
