Multi-Collateral Loan in Humboldt County
Loan Amount * $175,000 Rate * 8.75% Appraised Value * $520,000 Term * 60 months, IO Lien Position * First Our Borrower was in contract to purchase an investment property. The Borrower owned a multi-family unit free and clear and wanted to use it as additional...
Refi of Unique SFR in Humboldt County
Loan Amount * $300,000 Rate * 8.99% Appraised Value * $615,000 Term * 12 months, IO Lien Position * First Our Borrower purchased this home a couple years ago. The Borrower invested a lot of money into property improvements and wanted to pull some cash out while the...
Purchase Money loan on SFR in LA County
Loan Amount * $249,000 Rate * 7.99% Appraised Value * $2,225,000 Term * 18 months, IO Lien Position * First Our Borrower was in contract to purchase an investment property. Bank financing wouldn’t have been very timely because the loan was made to an entity with a...
Fix and Flip in Alameda County
Loan Amount * $725,000.00 Rate * 9.75% Appraised Value * $1,200,000 Term * 12 months, IO Lien Position * First A repeat Borrower of ours was in contract to purchase a home in the East Bay. We financed the...
