ACQUISITION IN NORTHERN LOS ANGELES COUNTY, CA
Loan Amount * $1,235,000 Rate * 8.75% Appraised Value * $1,900,000 Term * 9 months, IO Lien Position * First This is another repeat borrower who acquires homes in need of major remodeling. Our loan was for the purchase of the home. The borrower will work on the...
HOME ON OVER 3 ACRES IN SAN BERNARDINO, CA
Loan Amount * $200,000 Rate * 9.99% Appraised Value * $400,000 Term * 24 months, IO Lien Position * First Our Borrower had been in escrow for over a year working on subdividing the property. The sellers were unwilling to another extension. We were able to make a 24...
LIGHT INDUSTRIAL CONDO IN HUMBOLDT COUNTY, CA
Loan Amount * $240,000 Rate * 10.00% Appraised Value * $400,000 Term * 36 months, IO with Balloons Lien Position * First Our Borrower was in contract to purchase a light industrial condo unit for cannabis manufacturing. The loan was structured as interest only...
INFRASTRUCTURE CONSTRUCTION LOAN IN RIVERSIDE COUNTY, CA
Loan Amount * $1,500,000 Rate * 12.89% Appraised Value * $3,000,000 Term * 24 months, Partially Amortizing Lien Position * First Our Borrower had a land lease in place for a Cannabis Cultivation tenant. Our Borrower was responsible for the infrastructure and then the...
