$275,000, Purchase, 2 SFR’s on 1 Lot

San Marcos, CA. October 2018.

A real estate investor had the opportunity to purchase an off market investment property consisting of two single family homes on one lot with added value potential at a below market price, but needed to close fast.

The Loan Company was able to respond quickly and fund a $275,000 1st Trust Deed loan secured by the subject property, which was purchased for $400,000 or 69% loan to purchase price. The borrower has an improvement budget of $75,000, which will be funded by the borrower, for a total LTC of 58%.

The exit strategy is to remodel the subject property, bring rents to market, then sell at a profit. The Loan Company provided the borrower an excellent bridge loan at a competitive private money rate and terms.

$256,600, Purchase, Investment Condo

San Diego, CA. October 2018A real estate investor and repeat borrower of The Loan Company had an opportunity to purchase a pocket listing, but needed to close in two weeks to secure the 2 bedroom, 2 bath residential condominium. The purchase price was $421,600.

The Loan Company was able to provide a 1st Trust Deed bridge loan of $256,600 or 61% LTV. The borrower’s budget of $8,000 are to update the flooring, countertops, bathrooms, and kitchen, then immediately resell within two months. Sales comps indicate a resale value of $480,000 or 53% loan-to-value ratio. In a timely fashion, The Loan Company provided the borrower an excellent bridge loan at a competitive private money rate and terms.

$270,000, Purchase, Investment SFR

El Cajon, CA. October 2018Needing to close within a week, a businessman and real estate investor was referred to The Loan Company by a real estate broker on a purchase of a corner lot, single family residence investment property with zoning allowing for commercial use.

The purchase price was $400,000. The Loan Company provided a $270,000 loan or 68% of the purchase price. The borrower will be providing the capital for improvements to be made on the commercial side of the lot.

 The exit strategy is to sell or refinance the property upon completion of the improvements. In a matter of days of being contacted, The Loan Company provided the borrower with an excellent short-term bridge loan at a competitive private money rate and terms.

$750,000, Refinance, Mixed-Use

San Diego, CA. October 2018An experienced real estate investor did not want to sell his fully leased mixed-use commercial property to generate cash liquidity for other investment opportunities.

As an alternative to selling the property, The Loan Company structured a $750,000 1st Trust Deed line of credit allowing the borrower access to cash equity in the property without selling the asset. The borrower only pays interest on the outstanding loan balance on the line.

The mixed-use property that was conservatively valued at $1,250,000 or 60% LTV ratio.

The exit strategy will be from the sale of investment properties purchased with the cash equity. The Loan Company provided the borrower an excellent short-term bridge loan at a competitive private money rate and terms.

$455,000, Purchase, Mixed-Use

San Diego, CA. September 2018.

A real estate investor came across an opportunity to purchase a mixed-use, corner lot investment property and needed to close quickly. Referred to The Loan Company by a reputable broker, the borrower wanted a stream lined, hassle free process.

The purchase price was $605,000 and the borrower budgeted $50,000 for remodeling costs. The Loan Company moved fast and provided a $455,000 1st Trust Deed loan or 69% of total cost.

The exit strategy is to sell or refinance the property upon completion of the remodel. The Loan Company provided the borrower with an excellent short-term bridge loan, closing within 10 days, at a competitive private money rate and terms.

$665,000, Purchase, Gas Station

San Diego, CA. September 2018.

An investor had an opportunity to purchase a gas station at a great price with some unique challenges and needed a flexible lender with some creativity. The Loan Company provided a 1st Trust Deed $665,000 loan to purchase the property or a 68% LTV ratio.

The exit strategy is refinance with conventional financing once the loan is seasoned. The Loan Company provided the borrower an excellent term loan at a competitive private money rate and terms.

$625,000, Purchase, 2 SFR Investment Properties

San Diego, CA. September 2018An existing client of The Loan Company was negotiating the purchase of two single-family detached investment properties. The borrower needed to close within one week, so the timing was critical to getting the deal done.

The purchase price was $835,000 for both houses on two separate lots. The Loan Company moved fast and provided a $625,000 loan or 75% of the purchase price and met the deadline. The borrower will remodel the two houses adding considerable value to the property.

The exit strategy is to sell or refinance the property upon completion of the remodel. The Loan Company provided the borrower with an excellent short-term bridge loan at a competitive private money rate and terms.

$700,000, Refinance, R/E Investment Properties

Escondido/Imperial Beach, CA. September 2018 An experienced real estate investor was looking to access the equity in existing real estate owned. Instead of the owner having to sell existing properties to access the cash, The Loan Company provided a line of credit to allow the borrower to access cash when needed at a moment’s notice for other investment opportunities.

The loan was a refinance bridge loan for $700,000 commitment secured by a 1st Trust Deed on a single family residence on 2.5 acres and a 2nd Trust Deed on two residential single-family detached units (front and back) in Imperial Beach. The combined LTV ratio including all debt was a conservative 64% LTV.

The exit strategy is to sell or refinance the investment properties purchased with the subject loan proceeds. The Loan Company provided the borrower with an excellent short-term bridge loan used as a line of credit at a competitive private money rate and terms.

$740,000, Purchase, SFR Investment Property

El Cajon, CA. August 2018.

A real estate investor was in a competitive bidding situation and needed to write in the purchase contract a short escrow in order to make her offer stand out. Needing a reputable private lender that can move quickly, the borrower’s mortgage broker referred her to The Loan Company to help facilitate a fast close on the purchase of a residential investment property.

The borrower’s offer was accepted and The Loan Company was able to provide a $740,000 1st Trust Deed loan secured by a non-owner occupied single family residence with a below market purchase price of $1,035,000 or 71% loan-to-purchase price. The borrower will be able to make cosmetic upgrades to the home and resell the property at a profit within 6 months. The Loan Company provided the borrower an excellent bridge loan at a competitive private money rate and terms.

$1,080,000, Purchase, Retail

A buyer was in escrow to purchase an investment property that included a two tenant, stand alone retail building within a small strip center anchored by a Ross Dress for Less store and a Chili’s restaurant. The borrower needed to close within 30 days and needed a lender to move fast with no hassle.

The purchase price was $1,830,000. The Loan Company provided a $1,080,000 loan or 59% of the purchase price. The property is 100% leased and easily services the debt.

The Loan Company provided the borrower with an excellent term bridge loan at a competitive private money rate and terms.