67,000 Square Feet Light Industrial Construction
Loan Amount * $3,900,000 Rate * 10.89% Appraised Value * $14,800,000 as complete Term * 30 Months, Construction Lien Position * First We typically don’t reach this high, but when we do, it’s with a first/second lien combination and we were willing with this repeat...
Cash Out for Farming
Loan Amount * $100,000 Rate * 10.99% Appraised Value * $500,000 Term * 12 Months, Interest Only Lien Position * First Our borrower needed operating capital for the year. We were able to make the loan and the borrower will pay it off with the sale of other real...
Timberland Purchase
Loan Amount * $291,500 Rate * 9.99% Appraised Value * $540,000 Term * 24 Months, Interest Only Lien Position * First Our borrower is an experienced timber faller who can value-add by falling the timber himself and retain the ownership of the land for home...
Collateral: Desirable Ready to Build Vacant Lot
Loan Amount * $550,000 Rate * 9.75% Appraised Value * $1,100,000 Term * 36 Months, Interest Only Lien Position * First Our borrower owned a multifamily lot in near Echo Park in Los Angeles. He needed quick cash-out loan which we were able to accommodate. The property...
