Multi-Family Income Property
Loan Amount: $220,800 Rate: 7.99% Appraisal Value: $350,000 Term: 36 months Lien Position: First This loan was made to purchase and remodel a multi-family property in Union City. The 3 unit structure is currently leased and the borrower is completing a fairly...
Commercial Property and Inventory
Loan Amount: $240,000 Rate: 9.25% Appraisal Value: $640,000 Term: 18 months Lien Position: First Two loans made for one borrower in equal amounts and terms for the purchase of 2 gas station/C-Marts in Northern...
Rental Property Purchase in Riverside
Loan Amount: $150,000 Rate: 7.99% Appraisal Value: $ 340,000 Term: 36 months Lien Position: First This loan was made to purchase a short sale rental investment located in Riverside County. The borrower plans to refinance with a conventional loan after 2 years of...
Rental Property in San Diego
Loan Amount: $415,000 Rate: 7.99% Appraisal Value: $1,000,000 Term: 36 months Lien Position: First Non-conforming – no problem. This 4-plex is located in the Pacific Beach/Crown Point area of San Diego. This borrower needed to lower his borrowing costs and we...
