Success Stories

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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Construction Loan of 2 SFR’s in Arcata

Construction Loan of 2 SFR’s in Arcata

Loan Amount * $350,000 Rate * 9.50% Appraised Value * $1,070,000 Term * 12 months, IO Lien Position * First Our Borrower owned two parcels with a home on each. He had permits to build another home on each parcel. We made a construction loan to build both SFR’s and...

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Cash out Refi on Development Project

Cash out Refi on Development Project

Loan Amount * $1,250,000 Rate * 10.99% Appraised Value * $4,245,000 Term * 36 months, IO Lien Position * First Our Borrower acquired these light industrial properties in 2008. The Borrower is planning on a large-scale development project with the neighboring...

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Refi on Mixed-use property in Humboldt County.

Refi on Mixed-use property in Humboldt County.

Loan Amount * $240,000 Rate * 8.99% Appraised Value * $500,000 Term * 24 months, IO Lien Position * First Our Borrowers acquired a mixed-use property and needed to refinance. The Borrowers are opening a business on the first floor and needed time to stabilize the...

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20 Acre Farm with Homestead in Humboldt County

20 Acre Farm with Homestead in Humboldt County

Loan Amount * $540,000 Rate * 11.14% Appraised Value * $818,000 Term * 15 years, Amortizing Lien Position * First Our Borrower was in contract to purchase a 20-acre farm in Humboldt County and traditional financing was difficult for two reasons: loan size and acreage....

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Cash out Refi of a Lumber Mill in Sonoma County

Cash out Refi of a Lumber Mill in Sonoma County

Loan Amount * $2,400,000 Rate * 10.50% Appraised Value * $5,500,000 Term * 12 months, IO Lien Position * First Our borrowers had recently moved to a new location and needed capital to acquire inventory. We were able to provide the necessary capital via a cash out...

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Purchase of Timberland in Humboldt County

Purchase of Timberland in Humboldt County

Loan Amount * $1,000,000 Rate *9.50% Appraised Value * $2,000,000 Term * 12 months, IO Lien Position * First Our Borrowers were in contract to purchase ~400 acres of timberland. They were approved for financing from a local bank but were advised it would be difficult...

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Multi-Collateral Loan in Humboldt County

Multi-Collateral Loan in Humboldt County

Loan Amount * $175,000 Rate * 8.75% Appraised Value * $520,000 Term * 60 months, IO Lien Position * First Our Borrower was in contract to purchase an investment property. The Borrower owned a multi-family unit free and clear and wanted to use it as additional...

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Refi of Unique SFR in Humboldt County

Refi of Unique SFR in Humboldt County

Loan Amount * $300,000 Rate * 8.99% Appraised Value * $615,000 Term * 12 months, IO Lien Position * First Our Borrower purchased this home a couple years ago. The Borrower invested a lot of money into property improvements and wanted to pull some cash out while the...

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