5 Arch Funding Corp.
Property: Single-family home
Purpose: Fix & flip
Loan Amount: $1,103,400
Location: Altadena, CA
Our borrower found an ideal property for a fix and
flip project in a transitioning neighborhood. The deal
required speed of execution, high leverage and market
favorable terms. 5 Arch delivered a loan package
including funds for acquisition and rehab allowing the
project to get going on time and on budget.
Cherrywood Mortgage LLC
Loan Amount: $2,564,000
Location: Paterson, NJ
Cherrywood Mortgage recently funded a $2,564,000,
80% LTV, cash-out refinance for 9 investment properties
in Paterson, New Jersey, providing the borrower with a
new, 30-year term loan at a much lower rate and funds for
Diamond Bar, CA
Loan Amount: $9,390,000
Location: Beverly Hills, CA
A $9.39M acquisition recapitilization loan secured by
3 adjacent multifamily properties in Beverly Hills, CA.
Sponsor needed a recapitalization loan to capture 1031
exchange tax benefits as well as provide $750K in rehab
funds. Exit is to refi with a traditional lender once property
Los Angeles, CA
Marissa Wilbur &
Kennedy Funding Financial
Purpose: Working capital
Loan Amount: $1,350,000
Location: Boynton Beach, FL
Date Funded: December 2018
The loan will be used for a fully leased, 12-unit apartment
building. The building was renovated in 2013 and
generates $100,800 in rent a year.
Englewood Cliffs, NJ
Property: Goat farm
Loan Amount: $350,000
Location: Chelsea, MI
Date Funded: August 2018
Broker Fee: $10,500
Lend Terra assisted a referring broker to help secure a cash-out business loan for their client on a goat farm so another
property can be purchased. Borrower was going to lose
purchase escrow deposit and we were able to close within
5 days of receiving a complete package.
Newport Beach, CA
SCOTSMAN GUIDE LEAD
The following companies are proud to announce these closed loans.