Purchase of Timberland in Humboldt County

Purchase of Timberland in Humboldt County

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...
Multiple Collateral Loan in Lake County

Multiple Collateral Loan in Lake County

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...