by admin | Feb 16, 2016 | California, Construction, Success Stories
Loan Amount * $800,000.00 Rate * 10.99% Combined Appraised Value * $ 3,600,000 Term * 10 months Lien Position * First Our borrower was beginning the construction of 12 homes located on the River in Sacramento. Our loan was to build the podiums for the eventual homes...
by admin | Apr 20, 2015 | California, Construction, Success Stories
Loan Amount: $75,000.00 Rate: 10.25% Appraisal Value: $300,000.00 Term: 60 months Lien Position: Second Our borrower is a restaurant operator who needed cash to remodel and upgrade a rundown restaurant site she wanted to lease. The owner of the building was willing to...
by admin | Sep 18, 2013 | California, Construction, Success Stories
Loan Amount: $1,000,000 Rate: 6.99% Appraisal Value: $ 3,000,000 Term: 2 years Lien Position: First Our borrower is a well-established real estate developer with plenty of free and clear real estate assets. He needed $1,000,000 in a week or less to fund the completion...
by admin | Jan 23, 2013 | California, Construction, Success Stories
Los Angeles County, CA – $770,000 Our borrower began construction on a new home in Los Angeles, anticipating that a bank would step in with construction financing when he was ready. Although very well qualified with a bonified takeout loan comitment, our...
by admin | Jan 23, 2013 | California, Construction, Success Stories
Loan Amounts: $449,000/$179,000 Rates: 7.99%/12.49% Appraisal Value: $ 898,000 Term: 36 months Lien Positions: First/Piggy-Back Second Our borrower needed an advance of 70% to make this purchase possible. The quotes he was getting from others priced him out of the...
by admin | Jan 23, 2013 | California, Construction, Success Stories
Del Norte County, CA – $211,250 We initially financed the Crescent Pines Estates subdivision for this borrower. This is the third home we’ve also financed construction for. The first home is under contract for sale. We anticipate financing construction of homes...
