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 | Aug 27, 2014 | California, Commercial, Success Stories
Loan Amount: $225,000.00 Rate: 11.00% Appraisal Value: $525,000.00 & $900,000.00 Term: 18 months Lien Position: Second The rare instance that we made a second lien loan is when we have the first. In this case, our borrower needed $225,000 and had ample equity,...
by admin | Feb 10, 2014 | California, Commercial, Success Stories
Loan Amount: $75,000 Rate: 10% Appraisal Value: $ 150,000 Term: 6 months Lien Position: First We funded this loan in less than a week. The borrower needed short term liquidity while the property is being...
by admin | Jan 21, 2014 | California, Commercial, Success Stories
Loan Amount: $200,000 Rate: 9.50% Appraisal Value: $ 400,000 Term: 36 months Lien Position: First Another repeat business from existing customers and another fast turnaround. One week from terms to funding. Borrowers tapped the equity of one of their commercial...
by admin | Jan 21, 2014 | California, Commercial, Success Stories
Loan Amount: $200,000 Rate: 10.00% Appraisal Value: $ 335,000 Term: 24 months Lien Position: First Maturing private money loans and an unsold property were not and ideal situation for our borrower. We worked with the existing lenders and restructured the debt. Our...
by admin | Sep 18, 2013 | California, Commercial, Success Stories
Loan Amount: $1,000,000 Appraisal Value: $ 2,000,000 Term: 24 months Lien Position: First This transaction involved cross-collateralized loans, collateral in different states and multiple long term-tenants. The borrower was in the process of restructuring and...
