Shopping Center, Bakersfield, CA

Purchase Price: 3,400,000

Improvements: 150,000

Total Value of investment: 3,550,000

LoanType/Use of Proceeds: Bridge/Construction Loan

Loan Amount: 1,430,000

LTV: 52%

Rate %: 11%

Term: 18 months

Rate Type: Interest Only

Plan/Notes Related To The “Loan”: Borrower was turned down by several conventional lenders before calling us.  We provided an immediate over the phone approval and successfully funded their loan within 14 days of receipt of their minimal paperwork loan application.