Recent Transactions
Miami, FL
LOAN AMOUNT | $1,650,000
PURPOSE | REFINANCE
LTV | 41%
TERM | 12 MONTHS
Cash-out refinance of an apartment building in Miami, Florida. The property was just renovated and in the middle of leasing. The bridge loan was structured as an interest only loan with a fast closing.
Los Angeles, CA
LOAN AMOUNT | $520,000
PURPOSE | REFINANCE
LTV | 63%
TERM | 12 MONTHS
Cash-out refinance of a 2-unit in Los Angeles, CA. The property was fully leased and funds were used for property renovations on another property. This was a hard money loan on a rental property that close with no appraisal.
Mobile, AL
LOAN AMOUNT | $1,750,000
PURPOSE | REFINANCE
LTV | 47%
TERM | 12 MONTHS
Cash-out refinance of an apartment building in Mobile, AL. This private money loan was used for property renovations on another property the borrower owned. This was closed without an appraisal and in a short time frame.
Saratoga, CA
LOAN AMOUNT | $2,300,000
PURPOSE | REFINANCE
LTV | 62%
TERM | 24 MONTHS
Cash-out refinance of a luxury home in Saratoga. Loan proceeds are to be used to further the borrower’s real estate objectives. This was structured as interest-only bridge financing to allow the borrower lighter debt service.
Rio Rancho, NM
LOAN AMOUNT | $3,500,000
PURPOSE | PRE-DEVELOPMENT
LTC | 75%
TERM | 24 MONTHS
Horizontal development loan for a 156-lot subdivision in Rio Rancho, NM. This loan features a full-term interest-only rate in the low single digits at 75% LTC. Loan proceeds are to be used for pre-development.
Salida, CA
LOAN AMOUNT | $2,000,000
PURPOSE | PURCHASE
LTV | 65%
TERM | 12 MONTHS
Our loan facilitated the purchase of a 32-Bed residential care facility. A bridge loan was provided to allow the borrower to secure the asset, stabilize it, and exit through permanent financing.
Oakland, CA
Loan Amount | $1,225,135
Purpose | Purchase
LTC | 88%
Term | 12 Months
A repeat borrower was looking for a fix & flip loan to acquire this one-of-a-kind off-market opportunity. We were able to secure best-in-class flip financing for our client without an appraisal.
San Jose, CA
Loan Amount | $4,250,000
Purpose | REFINANCE
LTV | 65%
Term | 24 Months
Refinance of a legacy multifamily asset in downtown San Jose. We provided the borrower with cash-out to reposition the property and bring it to stabilization.
Oakland, CA
Loan Amount | $2,450,000
Purpose | REFINANCE
LTV | 82%
Term | 18 Months
Refinance of matured debt. We were able to provide for tenant improvements along with an interest reserve. This was done within two weeks and only required a desk-evaluation to establish value.
San Anselmo, CA
Loan Amount | $1,440,000
Purpose | Purchase
LTV | 82%
Term | 6 Months
This repeat borrower was looking for a short-term loan to get him into this incredible value-add opportunity. Our track record with the client allowed us to understand his vision and not burden him with excessive paperwork and stringent underwriting.
San Luis Obispo, CA
Loan Amount | $13,000,000
Purpose | Refinance
LTV | 57%
Term | 2 Years
Broken condo project located in the Central Coast of California. This required a new loan with cash out and partial releases. We were able to provide all of the above in a week and with no appraisal.
Aspen, CO
Loan Amount | $2,000,000
Purpose | REFINANCE OF 2ND
CLTV | 55%
Term | 3 Years
The Borrower wanted extra cash out from his high-end rental property. Proceeds were used for additional investment property purchases. The loan involved limited documentation and was completed rapidly.