Lone Oak Fund LLC
Los Angeles, CA
$23.7M first trust deed to acquire a fully entitled site in DTLA
for $26M. Borrower cross-collateralized three other free
& clear, fully entited multifamily lots in San Francisco. The
additional sites were purchased for $62M in January 2017.
Loan terms: 12 months, 7.9%, . 75 points.
Property: Entitled land
Loan Amount: $23,700,000
Location: LA & San Francisco, CA
Date Funded: July 2017
Property: Single-family home
Purpose: Purchase and rehab
Loan Amount: $100,950
Location: Charles Town, WV
Date Funded: September 2017
South Windsor, C T
Borrowers were looking for a loan to purchase and renovate
a single-family house in West Virginia. RCN Capital was
able to provide a loan at 67% of the after-repair-value.
The investors plan to spend about $50K on renovations
prior to selling the property.
PB Financial Group Corp.
Purpose: 1st mortgage
Loan Amount: $325,000
Location: Fresno, CA
Date Funded: February 2017
Broker Fee: $15,750
Los Angeles, CA
The borrower needed financing on a purchase of an industrial
property in the City of Fresno and required to close in 2
weeks. The property used to be an almond farm, but the
farm is no longer in operation. The property was delivered to
our buyer vacant.
SCOTSMAN GUIDE LEAD
Loan Amount: $7,556,250
Location: Bemidji, MN
Money360 funded a $7.56M loan to facilitate the acquisition
of a portfolio of mixed property types including medical
office, office/commercial, age-restricted housing and
apartments. The loan included a holdback for future tenant
improvements and leasing commissions as well as release
prices for a portion of the residential units.
Ladera Ranch, CA
Property: Assisted living
Loan Amount: $2,300,000
Location: Southfield, MI
Date Funded: August 2017
Prescient Capital Management LLC
The loan was for $2.3M and secured by an 88-unit assisted living
building in Southfield, Michigan. Prescient Capital is primarily
focused on commercial real estate bridge loans for cash-flowing
properties. We are very competitive with quick close bridge
loans that have a clear exit and strong sponsor.
Property: Student housing
Loan Amount: $10,480,000
Location: Seattle, WA
San Francisco, CA
$10.48M funded for a 11-property student housing
portfolio within 3 weeks. The deal was innovatively
structured to secure a senior debt through RealtyShares
institutional capital source and a 2nd-position loan via
RealtyShares’ accredited investors on the crowdfunding