Oakland CA
Loan Amount $253,000 second trust deed.
Interest Rate: 9.75% Net to you.
Term: Bridge loan. 5-1 ARM 360 months.
Appraised $1,520,000.
Loan to value under 50% (First mortgage ~$500,000).
Clovis CA
Loan Amount $640,000 first trust deed.
Interest Rate: 10.25% Net to you.
Term: 36 months interest only.
Appraised as-is at $800,000 but more improvements are in progress.
Three buildings on 4.77 acres. All rentable.
We secured other property as collateral too.
Combined Loan to value under 50%.
Borrower/builder has excellent credit. We've done several deals with them.
Mariposa CA
Loan Amount: $283,600.00 first trust deed.
Interest Rate: 8.75% Net to you.
Term 36 months interest only.
Appraised $580,000.00.
Loan to value under 50%.
