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...
Light Industrial buildout
Loan Amount * $1,300,000 Rate * Index +4.99% Appraised Value * $2,350,000 Term * 24 Months, Interest Only Lien Position * First A repeat borrower was looking for cash out on the subject property as well a long term financing. We were able to provide enough funds to...
Quick Close to Purchase within Escrow
Loan Amount * $500,000 Rate * 8.99% Appraised Value * $1,450,000 Term * 2 Months, Interest Only Lien Position * First Our borrower was working with traditional financing, but due to many delays, the seller was unwilling to grant the buyer another extension. ReProp...
