The following companies are proud to announce these closed loans.
5 Arch Funding Corp.
Loan Amount: $5,426,562
Location: Newport Beach, CA
Our borrower needed quick funding to secure a prime
beachfront fix and flip project. 5 Arch was able to
structure a loan that financed the acquisition of the
property and the rehab funds necessary to get the
property off the market and the project on its way to a
profitable exit strategy.
Cherrywood Mortgage LLC
Loan Amount: $1,075,000
Location: McAllen, TX
Diamond Bar, CA
Cherrywood recently funded a $1,075,000 cash-out
refinance of this office property in McAllen, Texas,
providing borrower with funds needed for property
Loan Amount: $2,200,000
Location: Los Angeles, CA
Date Funded: November 2018
$2.2M acquisition loan secured by a 12-unit multifamily
property located in Hollywood, CA. The sponsor required
private money to accommodate debt service shortfall,
100% financing for renovation costs and 10 day close. Exit
is to lease up and sell once the property is fully stabilized.
Los Angeles, CA
Marissa Wilbur &
Kennedy Funding Financial
Property: Multiuse facility
Loan Amount: $3,000,000
Location: Tacoma, WA
Date Funded: December 2018
The hard money loan will be used for refinancing of the
47,565 square foot Tacoma Christian Center Church. The
loan will be used to payoff existing debt and for working
capital to be used for property improvements on the
sanctuary, office building, restaurant and gymnasium.
Englewood Cliffs, NJ
Lone Oak Fund LLC
Loan Amount: $3,445,000
Location: Lawndale, CA
Los Angeles, CA
Acquisition loan for a value-add opportunity on an
office building in Lawndale. The borrower, an active and
experienced real estate investor, needed a quick close to
complete a 1031 exchange.