Loan Amount: $828,750 Loan Purpose: Cash Out Refinance Property Type: 16 Unit Multifamily Residence RECENTLY FUNDED TRANSACTION: Opportunity:Recently closed cash-out refinance completed for a client in Central CA. The client recently acquired the property in an all cash transaction less than a…
TCJA Draws a Silver Lining Around the Individual AMT The Tax Cuts and Jobs Act (TCJA) didn’t eliminate the individual alternative minimum tax (AMT). But the law did draw a silver lining around it. Revised rules now lessen the likelihood…
Loan Amount: $2,800,000 Loan Purpose: Cash Out Refinance Loan Program: 7 Year Fixed Property Type: 38 Unit Multifamily Residence RECENTLY FUNDED TRANSACTION: Opportunity: Borrower had been to 7+ banks before being referred to work with us directly to get his…
Loan Amount: $2,015,000 Loan Purpose: Cash Out Refinance Property Type: Multifamily Residence RECENTLY FUNDED TRANSACTION: Opportunity: We were able to get the client over $1MM in net proceeds to recoup renovation costs. Even though the property was still being partially…
RIVERSIDE, CA Loan Amount: $1,771,000 Loan Purpose: Purchase Property Type: Multifamily Residence RECENTLY FUNDED TRANSACTION: Riverside, CA Opportunity: First time apartment investors looking to acquire a newly constructed 10 unit apartment in Watsonville, CA. We were able to overcome the…
RECENTLY FUNDED TRANSACTION: Riverside, CA Loan Amount: $1,375,000 Loan Purpose: Purchase Property Type: Multifamily Residence Opportunity: This property currently has great cash flow and is in a quiet safe neighborhood located in Riverside, CA. In addition to the current…
RECENTLY FUNDED TRANSACTION: Long Beach, CA Loan Amount: $835,000 Loan to Value: 54.242% Loan Purpose: Purchase Property Type: Multifamily Residence Opportunity: Borrower is very strong with a lot of experience especially with “value-add” properties like this one. The program…
RECENTLY FUNDED TRANSACTION: Salinas, CA Loan Amount: $2,210,000 Loan to Value: 85% Loan Purpose: Cash Out Refinance Property Type: 10 Acre-Mixed Use Agricultural Opportunity: Borrower's business is strong with increasing revenue. Unique property consisting of residential space (mobile homes and house),…
RECENTLY FUNDED TRANSACTION: Stanton, CA Loan Amount: $843,000 Loan to Value: 84.724% Loan Purpose: Purchase Property Type: Commercial Light Manufacturing Opportunity: Closed loan in 30 days! As a repeat client, in addition to being an experienced buyer, we were…
RECENTLY FUNDED TRANSACTION: Pomona, CA Loan Amount: $232,000 Loan to Value: 70% Loan Purpose: No Cash Out Refinance Property Type: Mixed Use Opportunity: This mixed use purchase in Pomona, Ca includes 2 units owner-user. Located in an ideal area of Pomona,…