City of Los Angeles, Investment Property with Views
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...
High-end Property Flip in Hollywood Hills
Loan Amount: $905,000.00 Rate: 8.49% Appraisal Value: $1,575,000.00 Term: 24 months Lien Position: First Our borrower is a successful business man who specializes in buying, remodeling and flipping homes. The borrower will hire an architect and designer to maximize...
Los Altos Hills Rate and Term Refinance
Loan Amount * $1,000,000.00 Rate * 6.99% Combined Appraised Value * $ 4,700,000 Term * 24 months Lien Position * First Our borrower was looking for a rate and term refinance for a single family home located on just over 2 acres. We were able to place this loan at...
CASHOUT REFINANCE ON RENTAL IN ALAMEDA COUNTY, CA
Loan Amount: * $300,000.00 Rate: * 7.99% Appraisal Value: * $820,000 Term: * 36 months, IO Lien Position: * First Our Borrower needed a cash out refinance to make improvements to the property, as well as others, and pay delinquent property taxes. The Borrower needs to...
