Restaurant Building Upgrade
Loan Amount: $75,000.00 Rate: 10.25% Appraisal Value: $300,000.00 Term: 60 months Lien Position: Second Our borrower is a restaurant operator who needed cash to remodel and upgrade a rundown restaurant site she wanted to lease. The owner of the building was willing to...
Multi Collateral Construction Loan
Loan Amount: $1,000,000 Rate: 6.99% Appraisal Value: $ 3,000,000 Term: 2 years Lien Position: First Our borrower is a well-established real estate developer with plenty of free and clear real estate assets. He needed $1,000,000 in a week or less to fund the completion...
Helping During the Credit Crunch
Los Angeles County, CA – $770,000 Our borrower began construction on a new home in Los Angeles, anticipating that a bank would step in with construction financing when he was ready. Although very well qualified with a bonified takeout loan comitment, our...
New Subdivision
Loan Amounts: $449,000/$179,000 Rates: 7.99%/12.49% Appraisal Value: $ 898,000 Term: 36 months Lien Positions: First/Piggy-Back Second Our borrower needed an advance of 70% to make this purchase possible. The quotes he was getting from others priced him out of the...
