NOTE PURCHASE ON WAREHOUSE IN HUMBOLDT COUNTY, CA
Loan Amount: * $1,780,000.00 Rate: * 11.50% Appraisal Value: * $3,350,000.00 Term: * 48 months, IO Lien Position: * First Our Borrower had defaulted on his note with a local financial institution. After working thru difficult times, the owner was able to lease the...
CATTLE RANCH IN MODOC COUNTY, CA
Loan Amount: * $620,000.00 Rate: * 9.50% Appraisal Value: * $ 2,300,000 Term: * 12 months, IO Lien Position: * First Our Borrower was buying out a partner and time was of the essence. While the Borrower is bankable, he couldn’t run the risk of not closing in time for...
RURAL LAND PURCHASE IN HUMBOLDT COUNTY, CA
Loan Amount: * $315,000.00 Rate: * 9.50% Appraisal Value: * $ 900,000 Term: * 36 months, IO Lien Position: * First / Second Our Borrowers were in contract to purchase a ranch/agricultural land for cannabis cultivation. Bank financing is not currently available for...
MANUFACTURED RENTAL PURCHASE IN SISKIYOU COUNTY, CA
Loan Amount: * $60,000.00 Rate: * 10.00% Appraisal Value: * $ 125,000 Term: * 10 months, IO Lien Position: * First Our Borrowers had private financing that fell thru at the last minute. We had 7 days to close the purchase. The borrowers will refinance with a local...
