by admin | Jun 28, 2016 | Commercial, Oregon, Success Stories
Loan Amount: $465,000 Rate: 9.50% Appraisal Value: $775,000 Term: 180 months Lien Position: First Borrower was purchasing this property from the seller who was in BK. Property was not bankable in its current state. Borrower requested fully amortizing...
by admin | Jun 28, 2016 | California, Success Stories
Loan Amount: $1,500,000 Rate: 10.50% Appraisal Value: $ 2,800,000 Term: 12 months Lien Position: First Borrower needed to close this loan quickly. This loan closed within 5 business days of initial...
by admin | Jun 28, 2016 | California, Success Stories
Loan Amount: $489,000 Rate: 8.50% Purchase Price: $825,000 Term: 6 months Lien Position: First Our borrower is an experienced fix and flip investor. The property is in great condition, it was just dated. With updating throughout, the property will increase in value...
by admin | Jun 28, 2016 | California, Success Stories
Loan Amount: $160,000 Rate: 8.75 Appraisal Value: $320,000 Term: 12 months Lien Position: First Our borrower was competing against 5 other offers so time was of the essence. We were able to close this transaction within 10 days from acceptance of the...
by admin | Jun 28, 2016 | California, Success Stories
Loan Amount: $400,000 Rate: 9.50% Appraisal Value: $798,000 Term: 36 months Lien Position: First Our borrower was in contract to purchase a home on 118 acres in Trinity County. We had 15 days to close and the seller was unwilling to extend due to backup offers....