Los Angeles County Car Wash and Gas Station
Loan Amount: $600,000 (Car Wash)/$600,000 (Gas Station) Rate: 7.99%/8.99% Appraisal Value: $ 1,350,000 (Car Wash)/$1,250,000 (Gas Station) Term: 24 months Lien Position: First The Borrower is an experienced real estate investor who needed equity out of his free and...
SFR and Adjacent unimproved lot in Riverside, CA
Loan Amount: $200,000 Rate: 7.99% – 8.99% step rate Appraisal Value: $445,000 Term: 24 months Lien Position: First The Borrower is a real estate investor and developer from out of State. The SFR will provide rental income while the adjacent land may be developed...
Four-unit income property in Redding, CA
Loan Amount: $158,000 Rate: 9.25% to 10.25% step rate Appraisal Value: $300,000 Term: 24 months Lien Position: First A Fast turn-around for this loan. The existing loan was in default and a Foreclosure sale was scheduled for Monday morning. We underwrote the loan and...
Four-unit Income Property in Venice, CA
Loan Amount: $300,000 Rate: 7.99% to 8.99% step rate Appraisal Value: $1,300,000 Term: 24 months Lien Position: First A fast turnaround. The borrower needed to refinance the property and time was running out. This loan submission was received on a Thursday, and the...
