Success Stories

Fix and Flip in Eureka, CA

Fix and Flip in Eureka, CA

Loan Amount * $97,000 Rate * 9.25% Appraised Value * $162,000 Term * 12 months, IO Lien Position * First Our Borrower is a fix and flip investor.  Bank financing would have been difficult and timely. We made the borrower a 12-month interest only loan within 5 days....

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Small Farm w Hobby Vineyard in Sonoma County

Small Farm w Hobby Vineyard in Sonoma County

Loan Amount * $850,000 Rate * 11.89% Appraised Value * $1,825,000 Term * 10 years, Fully Amortizing Lien Position * First Our Borrower was in contract to purchase this home with a hobby vineyard in Sonoma County.  Conventional financing is not an option so we made the...

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Small Farm in Washington County, OR

Small Farm in Washington County, OR

Loan Amount * $306,000 Rate * 12.39% Appraised Value * $619,000 Term * 15 yrs Lien Position * First Our Borrower had a loan maturing. With traditional financing difficult, we were able to provide a fully amortizing loan so the Borrower didn’t need to continually...

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RURAL RANCH IN TRINITY COUNTY, CA

RURAL RANCH IN TRINITY COUNTY, CA

Loan Amount * $975,000 Rate * 11.89% Appraised Value * $1,950,000 Term * 12 months, IO Lien Position * First Our Borrower was in escrow on a purchase for a 118 acre ranch in Trinity County.  Financing fell thru and the deal was about to be canceled.  We were able to...

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O/O LIGHT INDUSTRIAL CONDO IN MULTNOMAH COUNTY, OR

O/O LIGHT INDUSTRIAL CONDO IN MULTNOMAH COUNTY, OR

Loan Amount * $1,500,000.00 Rate * 11.89% Appraised Value * $2,750,000 Term * 10 years, IO then Amortizing Lien Position * First Our Borrower was expanding its cultivation, manufacturing, and retail cannabis business. We were able to make a loan to the Borrower...

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MULTI-COLLATERAL REFINANCE IN RURAL HUMBOLDT COUNTY, CA

MULTI-COLLATERAL REFINANCE IN RURAL HUMBOLDT COUNTY, CA

Loan Amount * $650,000 Rate * 9.50% Appraised Value * $2,000,000 Term * 6 months, IO Lien Position * First Our Borrower owned two permitted cannabis cultivation properties free and clear. The Borrower was in contract on another investment property to flip.  We were...

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AFFORDABLE HOUSING LOTS IN SAN BERNARDINO COUNTY, CA

AFFORDABLE HOUSING LOTS IN SAN BERNARDINO COUNTY, CA

Loan Amount * $400,000 Rate * 9.75% Appraised Value * $1,260,000 Term * 48 months, IO Lien Position * First Our borrower purchased a number of affordable housing lots in a manufactured home park from the City.  The real estate was owned free and clear and we were able...

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CASHOUT FOR ANOTHER PURCHASE IN HUMBOLDT COUNTY, CA

CASHOUT FOR ANOTHER PURCHASE IN HUMBOLDT COUNTY, CA

Loan Amount * $300,000 Rate * 7.00% Appraised Value * $600,000 Term * 11 months, IO Lien Position * First Our borrower owned this home free and clear along with another rental property.  We were able to make a loan secured by both properties for a purchase of another...

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ACQUISITION IN NORTHERN LOS ANGELES COUNTY, CA

ACQUISITION IN NORTHERN LOS ANGELES COUNTY, CA

Loan Amount * $1,235,000 Rate * 8.75% Appraised Value * $1,900,000 Term * 9 months, IO Lien Position * First This is another repeat borrower who acquires homes in need of major remodeling.  Our loan was for the purchase of the home.  The borrower will work on the...

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