Industrial Park Buildout in Rio Vista, Ca.
Loan Amount * $1,350,000 Rate * 11.89% Value * $2,050,000 Term * 15 months, Fully Amortizing Lien Position * First Our borrower is building two 17,000 square foot light industrial buildings. They will owner occupy two units and lease out the balance. The tenants will...
Commercial Renovation in Rio Dell, Ca.
Loan Amount: $80,000 Rate: 9.00% Value: $400,000 Term: 12 months IO Lien Position: First Our borrowers had a vision and didn’t mind putting his own skin in the game to make it real.. He offered a residential property owned free and clear as collateral to borrow funds...
Matured Timber Harvest Plan in Fortuna, California
Loan Amount: $225,000 Rate: 11.25% Value: $425,000 Term: 12 months IO Lien Position: First Three years prior, our repeat borrower purchased a ten acre parcel with our financing. When they found the opportunity to purchase an adjacent parcel and apply a county approved...
Transition from Brick and Mortar to Catering in Eureka, Ca.
Loan Amount * $125,000 Rate * 9% (Prime+4%) Value * $250,000 Term * 48 months, IO Lien Position * First A local bank referred our borrower who needed to refinance for building improvements for an eventual sale as well as operating capital for a parallel business...
