Recent commercial mortgage closings on California commercial properties

Bank said no or is too slow? We would love to fund your commercial commercial mortgage. Our corporate plane can get us anywhere in CA on short notice!

$6.2 million 7.5% 3 year 1st TD
San Diego – Mission Valley

62,768 s.f. class B office building
62% loan to value
 
$906,000 9.5% 3 year 8.5% 1st TD
Lodi CA

47 acre Merlo/Chardonnay grape orchard
50% loan to value
 
$3.6 million 9.5% 3 year 1st TD
San Diego

Construction loan on a Automated Car Wash and 7/11 store
54% loan to value
 
$650,000 8.5% 3 year 1st TD
Tracy, CA

4,800 s.f. single family rental with separate guest house
65% loan to value
 
$2.5 million 8.5% 3 year 1st TD
Mojave, CA

46,000 Aircraft Hangar on leased land
60% loan to value

$325,000 8.5% 3 year 1st TD
Barstow, CA
22 unit apartment building on “the wrong side of the tracks”
40% loan to estimated value with no appraisal
 
$300,000 8.5% 1st TD Bridge Loan
Solvang, CA
3,594 s.f. Single Family Residence rental
30% loan to value with no appraisal.  Closed in 10 days.
 
$5.7 million 9.5% 1st TD
Pico Rivera, CA
35,000 s.f. Nightclub/Restaurant with legal issues
60% loan to value

$435,000 8.5% 3 year 1st TD
Los Angeles, CA
1,300 s.f. preschool property
60% loan to value

$400,000 9.5% 3 year 1st TD
Carpinteria, CA
2 single family rentals on 2 parcels
50% loan to value – borrower had good credit but minimal reported income

$425,000 8.5% 3 year 1st TD
San Francisco neighborhood market
2,969 s.f. mixed use building
50% loan to value

$240,000 7.5% 2 year 1st TD Purchase Money Bridge Loan
2,400 s.f. residential rental
40% loan to value

$2,304,000 8.5% 3 year 1st TD
San Jose Shell Station mini mart & automated car wash
Construction loan and 3 year mini perm
Experienced operator with good credit and cash flow
60% loan to value

$650,000 8.5% 3 year 1st TD
Tracy CA Single Family residence and guest house
5,100 s.f. on a 2 ½ acre development parcel  65% loan to value

$3.325,000 8.5% 3 year 1st TD
Nevada City, CA 71 unit Hotel and Senior Living property

Strong operator, but remote location did not attract an institutional lender.