Ranch expansion in Blocksburg, CA
Loan Amount * $900,000 Collateral Valuation: * $2.5M Term * 60 months, First Lien, Amortizing Our borrower owned the neighboring parcel and wanted to expand his ranch. After the subject property had been on the market for over a year, he made his offer. The offer was...
Commercial: Bakery in Eureka, CA
Loan Amount * $475,000 Collateral Valuation: * $740,000 Term * 24 months, First Lien, IO Rate * 9.99% Our Borrower currently supplies about 10 wholesale customers with bread and pastries. He has many more who want his products, but he is the only one working. When the...
Residential: Multi-Unit Bed & Breakfast in University Town
Loan Amount * $380,000 Collateral Valuation: * $825,000 Term * 24 months, First Lien, IO Rate * 8.99% A versatile property close enough to the university to be long term rentals for students, yet rural enough to be a short term weekend get-away rental. The borrower...
