by admin | Apr 20, 2015 | 5.99%, California, Success Stories
Loan Amount: $1,000,000 Rate: 5.99% Appraisal Value: $ 2,500,000 Term: 36 months Lien Position: First This loan fit the “Best-for-Best” program. The loan is collateralized by an equestrian estate consisting of a large high-end custom residence located on 10 park-like...
by admin | Apr 20, 2015 | California, Success Stories
Loan Amount: $850,000 Rate: 6.99% Appraisal Value: $1,700,000 Term: 24 months Lien Position: First This borrower was involved in a 1031 exchange. She was purchasing a 3 unit residential building in San Francisco. The main home had a solar lease so we worked with all...
by admin | Apr 20, 2015 | 5.99%, California, Success Stories
Loan Amount: $207,000 Rate: 5.99% Appraisal Value: $ 460,000 Term: 36 months Lien Position: First This is the second of the 2 homes in College Heights we financed for this borrower. This borrower couldn’t get conventional financing and needed funds fast to...
by admin | Apr 20, 2015 | California, Success Stories
Loan Amount: $209,000 Rate: 7.5% – 8.99% step rate Appraisal Value: $349,000 Term: 24 months Lien Position: First This transaction was referred to us by a colleague of ours in Southern California. The property was vested in a Trust and, for various reasons,...
by admin | Apr 20, 2015 | California, Success Stories
Loan Amount: $600,000 Rate: 6.99% to 7.99% step rate Appraisal Value: $1,000,000 Term: 24 months Lien Position: First Borrower’s LLC had an option to purchase the property. Upon deciding to exercise their option, we were contacted to provide financing.This property...
by admin | Apr 20, 2015 | California, Success Stories
Loan Amount: $470,000 Rate: 7.99% Appraisal Value: $ 970,000 Term: 24 months Lien Position: First These out-of-state borrowers had an accepted offer on this newly renovated investment property in East Bay and, at the pace of conventional financing, time was running...
