Two Buildings in Downtown Pittsburg, CA
Loan Amount* $725,000 Collateral Valuation: * $1,745,000 Term * 36 months, First Lien, IO Rate * 9.25% Our borrower needed to pay off a prior lender whose personal entanglement was complicating their commercial real estate ownership. We were glad to simplify life...
Lowland Farm for Cattle Grazing by Experienced Rancher
Loan Amount* $370,000 Collateral Valuation: * $745,000 Term * 24 months, First Lien, IO Rate * 9.25% A return borrower rancher came to us to refinance a 100-acre ranch with a small farmhouse and outbuildings. Flood zone land has value for people who know how to use...
Large Home on 1 Acre Hideaway in Town
Loan Amount* $325,000 Collateral Valuation: * $500,000 Term * 24 months, First Lien, IO Rate * 10.99% Our Borrower was in escrow for the purchase of a 2-unit rental property. An issue on title was discovered which ended any chance at conventional financing. To clear a...
