Renovation for Rental in Humboldt County
Loan Amount: $100,000 Rate: 9.50% Value: $140,500 Term: 12 interest only Lien Position: First Our borrower’s experienced eye in residential rehabilitation recognized the value in this unmaintained house when it went to the sale. Her family business purchased the...
LIGHT INDUSTRIAL REAL ESTATE PURCHASE IN HUMBOLDT COUNTY, CA
Loan Amount * $2,000,000 Rate * 12.89% Appraised Value * $4,330,000 Term * 24 months, IO Lien Position * First Our Borrowers were in escrow for the purchase of an industrial site that is in the permitting process for cannabis cultivation and manufacturing. The loan...
RURAL RANCH IN TRINITY COUNTY, CA
Loan Amount * $975,000 Rate * 11.89% Appraised Value * $1,950,000 Term * 12 months, IO Lien Position * First Our Borrower was in escrow on a purchase for a 118 acre ranch in Trinity County. Financing fell thru and the deal was about to be canceled. We were able to...
MULTI-COLLATERAL REFINANCE IN RURAL HUMBOLDT COUNTY, CA
Loan Amount * $650,000 Rate * 9.50% Appraised Value * $2,000,000 Term * 6 months, IO Lien Position * First Our Borrower owned two permitted cannabis cultivation properties free and clear. The Borrower was in contract on another investment property to flip. We were...
