Ranch expansion in Blocksburg, CA
Loan Amount * $900,000 Collateral Valuation: * $2.5M Term * 60 months, First Lien, Amortizing Our borrower owned the neighboring parcel and wanted to expand his ranch. After the subject property had been on the market for over a year, he made his offer. The offer was...
Rehab for Rental in Northern California
Loan Amount * $160,000 Collateral Valuation: * $260,000 Term * 12 months, First Lien, IO Rate * 9.99% We underwrote the borrower’s ability to manage the renovation and did not require she hire a general contractor. Upon completion, she will exit our bridge loan with...
Cash out into Long term financing Option
Loan Amount * $350,000 Collateral Valuation: * $1,075,000 Term * 15 year fully amortizing First Lien Our borrower shopped around for a cash-out loan. Our offer met their needs and saved them the fees of refinancing every 2-4 years. We funded quickly with great terms:...
Construction: Motel Renovation Northern California
Loan Amount * $800,000 Collateral Valuation: * 3,300,000 Term * 12 months, First Lien, IO Rate * 9.50% Opportunity to renovate during COVID shutdown makes occupancy difficult for hospitality industry. Cost overruns on a major remodel caused our borrowers to need...
