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....
by admin | Jun 28, 2016 | California, Success Stories
Loan Amount: $585,000 Rate: 8.49% Appraisal Value: $1,600,000 Term: 24 months Lien Position: First The borrower purchased the building and restaurant with a seller carryback on a land lease in a large shopping center. Our loan paid off the seller carryback and...
by admin | Jun 28, 2016 | California, Success Stories
Loan Amount: $150,000 Rate: 8.25% Appraisal Value: $400,000 Term: 24 months Lien Position: First Our borrower owned 7 units with very little debt. We were able to refinance the debt and provide a cash...
by admin | Jun 28, 2016 | California, Success Stories
Loan Amount: $94,500 Rate: 9.25% Appraisal Value: $150,000 Term: 6 months Lien Position: First Property was days from auction. We were able to make a bridge loan for the...
