by admin | Jun 28, 2016 | California, Success Stories
Loan Amount: $207,000 Rate: 9.75% Appraisal Value: $450,000 Term: 12 months Lien Position: First Our borrowers recently came into ownership of their primary residence. A neighboring 45 acre timberland parcel came up for sale. To act quickly, the borrowers pledged...
by admin | Jun 28, 2016 | California, Success Stories
Loan Amount: $260,000 Rate: 8.99% Appraisal Value: $530,000 Term: 60 months Lien Position: First The borrower had multiple private money loans securing 7 properties and was refinancing every 12 to 24 months. We made a 60 month loan secured by all 7 with a partial...
by admin | Jun 28, 2016 | California, Success Stories
Loan Amount: $700,000 Rate: 6.99% Appraisal Value: $4,200,000 Term: 48 months Lien Position: First The borrower wanted a cash out refinance. Given the property location, we were able to make this loan at 6.99%, fixed for 18 months and then...
by admin | Jun 28, 2016 | California, Success Stories
Loan Amount: $200,000 Rate: 9.50% Appraisal Value: $400,000 Term: 24 months Lien Position: First The loan was made for a partner buyout as well as an escrow holdback for capital improvements. Once stabilized, the borrowers will be able to get bank...
by admin | Jun 28, 2016 | California, Success Stories
Loan Amount: $225,000 Rate: 8.99% Appraisal Value: $375,000 Term: 6 months Lien Position: First Borrower was competing against multiple offers for this fix and flip. Our loan was used to compete as a cash offer and quick...
