Interstate Shipping Development in Southern California
Loan Amount * $1,340,000 Rate * 9.99% Appraised Value * $3,580,000 Term * 12 Months, Interest Only Lien Position * First A repeat borrower of ours was in contract to purchase the subject property in an off the market transaction. The location was great for light...
Desert Mansion with land development value
Loan Amount * $4,000,000 Rate * 8.99% Appraised Value * $9,750,000 Term * 12 Months, Interest Only Lien Position * First Our borrower is a real estate broker and developer in the greater Scottsdale area of Arizona. We were able to provide the financing for the...
Development keeping with parcel size limit
Loan Amount * $1,100,000 Rate * 8.99% Appraised Value * $2,000,000 Term * 12 Months, Interest Only Lien Position * First Our borrower who is a real estate broker and developer in the greater Scottsdale area of Arizona was in contract on this neighboring property as...
Medical facilities development
Loan Amount * $1,700,000 Rate * 9.50% Appraised Value * $4,250,000 Term * 18 Months, Interest Only Lien Position * First A repeat borrower owned a number of vacant parcels in a medical complex. He had seller financing that came due. Our loan refinanced the seller...
