The following companies are proud to announce these closed loans.
PB Financial Group Corp.
Purpose: 2nd position
Loan Amount: $300,000
Location: Torrance, CA
Date Funded: July 2018
Broker Fee: $6,000
PB Financial, a direct hard money lender, funded a cross
collateralization on an investment SFR and a duplex in the city of
Torrance, CA in 2nd position going up to 61% CLTV. We gave the
borrower a 5-year term on a stated 2nd position loan.
Los Angeles, CA
SCOTSMAN GUIDE LEAD
SDC Capital Funding
Loan Amount: $3,152,500
Location: Long Beach, CA
Date Funded: May 2018
SDC Capital quickly funded a 65% LTV loan on a 18-unit
apartment building in Long Beach priced at 7.99% and 1 point
origination fee for a 12 month-term. No appraisal. Property
will be renovated, rents raised and then qualify for permanent
818-342-9555 x202 or x205
Loan Amount: $1,365,000
Location: Avila Beach, CA
Date Funded: June 2018
A seasoned investor was looking to refinance and pull cash-out
to completely remodel the subject property. RCN was able to
provide a loan at 70% of the after-repair value. The investor plans
to gut and fully update the premises. Once complete, the investor
will lease out the units to generate rental income.
South Windsor, C T
Loan Amount: $4,000,000
Location: Baton Rouge, LA
RealtyShares recently arranged a second-lien bridge loan
totaling $4M for a portfolio of multifamily assets in Baton
Rouge, LA which was part of a first- and second-lien bridge loan
arrangement totaling $16.7M. RealtyShares raised $1M for the
properties through its platform of accredited investors.
San Francisco, CA
Prescient Capital Management LLC
Loan Amount: $7,610,000
Location: GA & SC
Date Funded: May 2018
The loan request was for $7.61M and Prescient Capital secured
the loan with a 1st lien on a 236,000 sq. ft. building in SC & a
136,000 sq. ft. building in GA, both distribution warehouses.
The strategic goal was to simultaneously refinance 5
properties with a hard funding deadline of May 30th, 2018.
Loan Amount: $7,863,750
Location: Albuquerque, NM
The Money360 loan allowed the borrower to free up capital with
the cash-out refinance. We were comfortable doing so because
of our relationship with the borrower, the tenant is a credit tenant
in a good market and it fit our current underwriting guidelines.
Ladera Ranch, CA