RECENT TRANSACTIONS

waterfront SFR in Newport Beach, CA
$4,100,000

1st TD on 7 new construction townhomes in Los Angeles, CA
(Broker Arranged)

  • 60% LTV
  • Construction ongoing; 90% complete
  • Bridge to completion and marketability
  • Comfortable release price structure
  • Solved title issues associated with ongoing construction
  • Interest Reserve
  • Term: 12 months with 2 three month options to extend
$550,000

2nd TD on 5,300 sq. ft. SFR on a 20,000 sq. ft. terraced lot in Newport Beach, CA
(Broker Arranged)

  • 67.5% LTV
  • Used an appraisal recently ordered by borrower
  • Cash out for business purposes
  • Term: 12 months with 1 six month option to extend
$307,200

1st TD on 600 sq. ft. Condo in Los Angeles, CA
(Borrower Direct)

  • Fixed Rate while Fed Funds at 0-0.25%
  • Closed the loan prior to receipt of appraisal
  • Property in disrepair at time of closing
  • Fix and flip transaction
  • Closed in less than a week with repeat borrower
  • Term: 9 months
waterfront SFR in Newport Beach, CA
$4,200,000

1st TD on waterfront SFR in
Newport Beach, CA
(Broker Arranged)

  • Co-op ownership structure
  • 50% LTV
  • Cash Out to support business during COVID
  • Quick preparation of unconventional security agreements and security instruments given unique ownership structure of the home
  • Coordinated directly with borrower counsel to insure smooth transaction
  • Term: 18 months
$3,750,000

1st TD on 4 parcels with existing multi-family units entitled for 84 newly constructed multi-family units in
Los Angeles, CA
(Broker Arranged)

  • 50% LTV
  • Holdback of funds to be dispersed when needed to cover project related expenses
  • Multi-faceted appraisal ordered to cover multiple exit strategies
  • Due Diligence included a review of all project expenses to date for reimbursement eligibility
  • Existing structures are inhabitable
  • Term: 12 months with 1 six month option to extend
$7,000,000

1st TD on a newly constructed special purpose 40,000 sq. ft. industrial building on 4.68 acres in Adelanto, CA
(Borrower Direct)

  • 50% LTV
  • Cash Out Refinance
  • Extra value given to extraordinary fixtures
  • Provided borrower with a holdback of funds to be disbursed upon completion of milestones
  • Owner occupied; Business will not generate revenue for the first six months from loan inception
  • Term: 18 months with 1 six month option to extend
$4,319,000

1st TD on 4,500 sq. ft. waterfront SFR in Huntington Beach, CA
(Borrower Direct)

  • 72% LTV
  • Provided favorable loan structure to assist in borrower’s ability to appropriately market the property for sale
  • Term: 9 months
$604,800

1st TD on 5,307 sq. ft. SFR in Corona, CA
(Borrower Direct)

  • Favorable LTV due to the Bank REO
  • Provided quick terms for a quick closing
  • Closed the loan prior to receipt of appraisal
  • Fix and Flip transaction
  • Term: 9 months
$856,800

1st TD on 3,369 sq. ft. SFR in Carlsbad, CA
(Borrower Direct)

  • Favorable LTV due to the Bank REO
  • Provided quick terms for a quick closing
  • Closed the loan prior to receipt of appraisal
  • Fix and Flip transaction
  • Term: 9 months
$2,310,000

1st TD on a well-established restaurant/bar consisting of 3,725 sq. ft. in Fullerton, CA
(Borrower Direct)

  • 70% LTV
  • Purchase Money
  • Ensured seller met their 1031 exchange deadline
  • Underwriting based on the cash flow of the business
  • Bridge to SBA financing
  • Term: 12 months
$1,000,000

2nd TD on 28,000 sq. ft. Industrial Building in Lake Forest, CA
(Borrower Direct)

  • 45% CLTV
  • Loan made to a property specific LLC
  • Structured the loan as a non-revolving line of credit
  • Funding was not contingent on receipt of appraisal
  • Interest only charged on outstanding balance
  • Term: 24 months
$630,000

2nd TD on a single family residence in Newport Beach/Balboa Island, CA
(Borrower Direct)

  • Fully approved within 1 business day
  • Loan funding not dependent on receipt of appraisal
  • All cash out for business purposes
  • Borrowing entity a family trust
  • Minimal documentation required
  • 75% Combined Loan to Value
  • Term: 12 months with 1 six month option to extend
$1,000,000

2nd TD on 13,790 sq. ft. SFR on a 5 acre lot in Alamo, CA
(Broker Arranged)

  • 45% CLTV
  • Cash out for business purposes
  • Accepted a borrower provided appraisal in lieu of a newly issued appraisal
  • Funded prior to certificate of occupancy
  • Worked with title on mechanics lien endorsement
  • Two weeks from LOI to funding
  • Term: 12 months with 1 six month option to extend
$7,000,000

22 newly constructed attached townhomes in Fontana, CA
(Borrower Direct)

  • 73% LTV
  • Cross collateralized with adjacent lot slated for next phase of buildout
  • Interest Reserve
  • Release prices by floorplan
  • Closed the loan quickly in between unit closings
  • Extrapolated values to save on appraisal costs
  • Term: 12 months with 1 six month option to extend
$1,300,000

1st TD secured by 37.8 acres of special purpose property in Sylmar, CA
(Broker Arranged)

  • Cash Out Refinance
  • Property affected by fire; Required detailed coordination with an MAI appraiser
  • Included the resolution of title issues in loan documents to move the loan closing forward
  • Bridge to construction loan; Provided financing for necessary land development and infrastructure
  • Interest Reserve to meet borrower’s liquidity needs
  • Term: 12 months with 1 six month option to extend
$1,050,000

1st TD on Investment SFR in
Laguna Niguel, CA

(Broker Arranged)

  • 68% Loan to Value
  • All cash out used to bolster business yearend financials
  • Five days from start to close
  • Lent to family trust
  • Funded prior to receipt of appraisal
  • Term: 12 months
$2,500,000

Cash out to redevelop a single family estate in Hollywood Hills, CA that had been deemed uninhabitable by the city
(Broker Arranged)

  • 65% Loan to “As Is” Value
  • Provided bridge while project plans are being finalized
  • 100% of the proceeds were cash out to reimburse the borrower who had paid all cash to secure the property on favorable terms
  • Creative loan structure to maximize the return to the borrower
  • Term: 12 months with 1 six month option to extend
$420,000

2nd TD on 13,676 sq. ft. single tenant Commercial Building in
Laguna Niguel, CA (Borrower Direct)

  • 52% CLTV
  • Resolved multiple title issues involving family and previous lenders
  • Funding was not contingent on receipt of appraisal
  • Favorable terms for a strong borrower in a unique situation
  • Minimally intrusive due diligence process to ensure a closing within two weeks of the issuance of the LOI
  • Term: 12 months with 1 six month option to extend

$2,500,000

2nd TD on partially completed Construction Project in
Manhattan Beach, CA

(Broker Arranged)

  • 65% Combined Loan to Value
  • All cash used to complete project
  • Three weeks from start to close
  • Funded prior to receipt of appraisal
  • Limited liquid assets
  • Term: 12 months with 1 six month option to extend
$2,715,000

1st TD secured by a 12,960 sq. ft. multi-tenant Commercial property in Anaheim, CA (Borrower Direct)

  • Cash Out
  • 75% LTV with a cross-default provision
  • Terms to allow for flexible timing of loan draws
  • Loan to single purpose entity
  • Term: 18 months with 1 six month option to extend

$1,350,000

2nd TD secured by a SFR in
Ladera Ranch, CA

(Broker Arranged)

  • Cash out for working capital for borrower’s primary business
  • Borrower was business entity
  • Two weeks from inquiry to close
  • 70% CLTV
  • Behind a $1,590,000 1st Trust Deed
  • Term: 24 months with 1 six month extension option
$550,000

2nd TD on 25,000 sq. ft. single tenant Retail Building in Yuba City, CA
(Borrower Direct)

  • 46% CLTV
  • Provided working capital and funds for debt service on other real estate related projects for borrower
  • Funding was not contingent on receipt of appraisal
  • Underwriting based on Fee Simple interest versus Leased Fee valuation
  • Quick close possible due to relationship with this repeat borrower
  • One week from accepted terms to closing
  • Term: 16 months with 1 six month option to extend
$5,000,000

1st TD & 2nd TD on Three Industrial facilities in Irvine & Santa Ana, CA
(Attorney Referral)

  • Cross Collateralized against three properties with three related entities
  • Cash out to close escrow on new operating facility
  • One week from call to funding
  • Based collateral value on existing sales contracts in lieu of appraisals
  • Flexible alternatives with respect to loan amount (increased loan amount two days prior to close)
  • Term: 3 months with 1 six month option to extend
$3,440,000

1st TD on 1.22 acres entitled for a 5-story Hotel with additional retail space in Newark, CA
(Broker Arranged)

  • 45% LTV
  • Offered the borrower flexibility on multiple due diligence items
  • Protected borrower from costly fees imposed by previous lienholder
  • High growth area close to Palo Alto
  • Granted borrower cash flow flexibility in the form of a generous interest
  • Term: 12 months with 1 six month option to extend
$8,000,000

1st TD secured by two high end residences in Bel Air, CA
(Borrower Direct)

  • All cash out
  • 40% Loan to Value
  • Two weeks from call to lend to funding
  • Funded prior to receipt of appraisals
  • Lent to trust
  • Foreign National Guarantor
  • Term: 24 months

$2,000,000

2nd TD on a Commercial Construction Project in the entertainment district of Buena Park, CA
(Borrower Direct)

  • Paid contractor and sub-contractors directly
  • 31% Combined Loan to Value
  • Active construction ongoing
  • Two weeks from start to close
  • Bridge to construction loan
  • Subject to a Development Agreement
  • Allowed project to continue unimpeded
  • Term: 4 months

$3,500,000

35,000 Square Feet of Industrial Space on 2.37 Acres in Santa Fe Springs, CA
(Borrower Direct)

  • Three weeks application to close
  • Structured to facilitate 1031 Exchange
  • Closed prior to receipt of appraisal
  • Draw schedule established to stage advances for property improvement to save interest costs
  • Building being repositioned to accommodate a business relocation thus no cash flow during this period
  • Term: 12 months with 1 three month option to extend

$3,470,000

Purchase Money First TD on Industrial Building in West Sacramento, CA
(Attorney Referral)

  • 70% Combined Loan to Value
  • Phase 1 issues to resolve
  • Special Use Building
  • Allowed secondary financing for property improvements
  • Worked with borrower through multiple closing issues
  • Term: 18 months with 1 six month option to extend
$1,012,500

1st TD secured by a single-tenant Commercial property in Lakewood, CA
(Borrower Direct)

  • Cash Out
  • 75% LTV with a cross-default provision
  • Re-margined the loan based on appraisal
  • Analyzed the borrower’s schedule of RE to provide multiple debt service scenarios based on liquidity needs.
  • Term: 18 months with 1 six month option to extend
$2,975,000

1st TD on a Commercial Office building consisting of 21,840 sq. ft. in rentable space in San Diego, Ca
(Broker Arranged)

  • 70% LTV
  • Last-minute loan document modifications due to borrower’s preferred title entity
  • Re-margined the loan amount based on a quick turn around appraisal
  • Non-stabilized current rent roll
  • Term: 18 months with 1 six month option to extend
$650,000

1st TD secured by an SFR in
Los Angeles, Ca

(Borrower Direct)

  • Cash Out
  • No financials required due to conservative LTV
  • International Borrower
  • Funded prior to receiving appraisal
  • Interest Reserve to meet borrower’s liquidity needs
  • 1 week close from borrower’s go-ahead
  • Term: 12 months with 1 six month option to extend
$500,000

2nd TD on Two Light Industrial facilities in Rialto & Fontana, CA
(Broker Referral)

  • Collateralized by two properties under one single purpose LLC entity
  • Collateral release price structure negotiated for both properties encumbered by the loan
  • Cash out for business purposes
  • Funding prior to appraisal
  • Terms for additional advances based on combined appraisal valuation
  • Term: 12 months with 1 six month option to extend
$1,800,000

1st TD secured by a Boutique Hotel in Palm Springs, CA
(Borrower Direct)

  • Purchase transaction (funded 75% of purchase price)
  • Loan to property specific LLC
  • Non-traditional underwriting of specialized asset class with value add characteristics
  • Funded prior to completion of appraisals
  • Reverse 1031 transaction
  • Term: 12 months with 2 six month options to extend
$1,200,000

1st TD Secured by Commercial Office in Ontario, CA
(Financial Advisor Referral)

  • 75% Combined Loan to Value
  • All Cash Out
  • One week from start to close
  • Funded prior to receipt of appraisal
  • Allowed borrower to support business cash flow needs
  • Term: 12 months
$2,531,250

1st TD secured by a Boutique Hotel in Palm Springs, CA
(Borrower Direct)

  • Purchase transaction
  • Funded 74% of purchase price
  • Loan to property specific LLC
  • Non-traditional underwriting of specialized asset class with value add characteristics
  • Funded prior to completion of appraisals
  • Term: 12 months with 2 six month extension options
$328,000

1st TD secured by single family non-owner occupied home in
Mission Viejo, CA

(Borrower Direct)

  • Loan made to estate
  • 47% Loan to Value
  • Funded in 10 days from initial request
  • Funded prior to receipt of appraisals
  • All cash out
  • Facilitated the estate’s settlement
  • Term: 9 months

$1,450,000

1st TD on SFR Investment Property on Balboa Island, CA
(Past Client Referral)

  • 70% Loan to Value
  • Loan made to Family Trust
  • Proceeds used to repurchase home AFTER trust deed sale
  • Helped save beach house in Family for 50 years
  • Limited documentable income/assets
  • Term: 12 months
$763,750

1st TD secured by a 2,502 sq. ft. industrial building in Bellflower, CA
(Broker Arranged)

  • Purchase money
  • Property exhibits high land to building ratio
  • 1 week from accepted terms to loan funding
  • Term: 15 months with 1 six month option to extend

$3,000,000

Cash Out First TD on SFR in La Canada-Flintridge, CA
(Broker Arranged)

  • 55% Combined Loan to Value
  • Over $1,000,000 cash out for business purpose
  • Funded prior to receipt of appraisal
  • Limited Income/Limited liquid assets
  • Three weeks from start to close
  • Term: 12 months
$1,500,000

2nd TD secured by two high end residences in West Los Angeles, CA
(Borrower Direct)

  • All cash out
  • Both investment properties without current cash flow
  • Cross collateralized behind 1st TD for a flexible CLTV of up to 70%
  • Less than two weeks from inquiry to close
  • Funded prior to receipt of appraisals
  • Term: 12 months with 1 six month extension option
$835,000

1st TD on mixed use structure & 2nd TD on 10 New SFR’s in Riverside County, CA
(Borrower Direct)

  • Worked with borrower on obtaining unusual title endorsement provisions
  • Structured a dynamic repayment plan based on home sales
  • All cash out to allow Borrower to purchase land for future development
  • Collateral based loan
  • Worked closely with borrower on timing of closing
  • Term: 12 months with 1 six month option to extend
$403,200

1st TD on 2,272 sq. ft. SFR in
Santa Clarita, CA
(Borrower Direct)

  • Favorable LTV due to the Bank REO nature of the transaction with a repeat client
  • Provided quick terms for a quick closing
  • Closed the loan prior to receipt of appraisal
  • Closed the loan with the eviction of current tenant in process
  • Fix and Flip transaction
  • Term: 9 months
$2,400,000

1st TD secured by a “Historical Residence” on a large-lot in
West Hills, CA

(Broker Arranged)

  • Refinance and Cash Out for development
  • 50% Loan to Value
  • Special Purpose Property
  • Loan made to family trust
  • Term: 12 months with 2 six month options to extend
$2,850,000

1st TD on 11.54 Acres of Fully Entitled Land in Lake Elsinore, CA
(Borrower Direct)

  • Paid off existing note and provided an additional $580,000 of working capital
  • Provided funds to allow for the continued marketing of the project
  • 50% Loan to Value
  • Three weeks from start to close
  • Complex structure to meet borrower’s needs
  • Term: 12 months with a 6 month option to extend

$2,750,000

1st TD on 138 Fully Entitled Lots in Riverside County, CA
(Borrower Direct)

  • Terms provided for up to 55% loan to appraised value
  • Provided funds for refinancing and cash out for final engineering
  • Loan to single purpose LLC
  • Terms provided for funding prior to receipt of appraisal
  • Term: 12 months with 1 six month option to extend
$2,400,000

1st TD on Entitled 4.55 Acre Parcel in Soledad, CA
(Past Client)

  • 65% Loan to Value
  • Refinance Purchase Money First
  • Additional $1 million cash out
  • Two weeks from start to close
  • Funded prior to receiving final appraisal
  • Term: 12 months with 1 six month option to extend
$700,000

2nd TD Cash Out Secured by 10 Lots on
Nearly Completed Homes in
Riverside, CA

(Past Client)

  • 5o% Combined Loan to Value
  • All cash out used to begin construction on other project
  • Three weeks from start to close
  • Required creative structure to allow partial pay downs as homes sold
  • Limited liquid assets
  • Term: 6 months
$1,950,000

1st TD on Retail Investment Property in Duarte, CA
(Borrower Direct)

  • Paid off past due matured note
  • 65% Combined Loan to Value
  • Provided Interest reserve while property marketed for sale
  • Little or no reserves
  • Limited documentable income/assets
  • Term: 12 months
$1,300,000

Purchase Money First on Entitled Land under Contract for 1 year in
Dana Point, CA
(Borrower Direct)

  • 79% Loan to Value / 100% Loan to Purchase Price
  • Additional Collateral – Pledged Equity Interest in other projects
  • Asset based loan
  • Provided cash to continue development
  • Real estate rich / Limited liquid assets
  • Term: 12 months with 1 six month option to extend
$5,600,000

1st TD on Ten New Construction SFR’s ranging between 3,100 sq. ft. and 3,400 sq. ft. in Riverside, CA
(Borrower Direct)

  • 65% LTV
  • Provided Interest Reserve in addition to paying off 1st and 2nd TD’s
  • Reduced appraisal costs for the borrower
  • This loan allowed the developer to start on the next project by paying off a preferred construction lender
  • Structured fixed release prices per lot upon sale to new homeowners
  • Low interest rate reserved for repeat borrowers
  • Term: 12 months with 1 six month option to extend
$4,250,000

1st TD secured by 368 Fully Entitled SFR Lots on 158 acres cross collateralized to a 2nd TD on 73 acres in
Riverside County, CA

(Broker Arranged)

  • Bridge to allow for re-entitlement
  • Worked with borrower(s) on a complex ownership entity chain
  • Gave consideration to complex offsite issues for area wide improvements that would advance the development of the property
  • Allowed borrower to fully execute its existing option agreement to purchase the property
  • Funded prior to receipt of appraisal
  • Term: 16 months with 1 six month option to extend
$3,600,000

1st TD on 13.1 acres entitled for 90,000 sq. ft. of retail including pre-leased anchor stores in Auburn, CA (Broker Arranged)

  • 55% LTV
  • Cash out Refinance with Interest Reserve
  • Appraisal took significant pre development costs, time, and effort into value conclusion
  • Saved the property from foreclosure
  • Directly paid pre-development outstanding invoices through escrow
  • Bridge to Construction Financing
  • Term: 12 months with 1 six month option to extend
$4,500,000

Bridge Loan on 41 acres of Land with Approved Tract Map on 184 Lot SFR Tract Development in Jurupa Valley, CA
(Borrower Direct)

  • 35% Loan to “As Is” Value
  • Provided bridge while project is marketed for sale
  • Allowed for a portion of equity to be pulled from development for other business purposes
  • Proceeds allowed for sale of adjacent tracts to close and pay off bank debt
  • Allowed borrower to maintain positive primary banking relationships
  • Term: 12 months with 1 six month option to extend
$4,950,000

1st TD on a 6,480 sq. ft. lot entitled for a 5,924 sq. ft. high-end SFR in
Corona Del Mar, CA

(Broker Arranged)

  • 50% LTV
  • Refinanced multiple liens on the property including the facilitation of a 2nd TD paydown/subordination
  • Loan to single purpose LLC
  • Two weeks from LOI to close
  • Granted borrower cash flow flexibility in the form of a generous interest reserve
  • Term: 12 months with 1 six month option to extend

$7,500,000

Bridge Loan on Entitled Land for SFR Tract Development in Orcutt, CA
(Borrower Direct)

  • 55% Loan to Value
  • Provided bridge to construction loan after land loan matured
  • Brokered an additional $4,500,000 on same project with concurrent close
  • Established partial release prices to accommodate borrower’s needs
  • Allowed borrower to maintain positive primary banking relationships
  • Term: 12 months

$4,750,000

1st TD on a Development Project in Richmond, CA
(Broker Arranged)

  • Worked closely with borrower, the City and various constituents to ensure a smooth close
  • 40% Loan to Value
  • Complex title issues to resolve
  • Extended commitment to lend through lengthy seller delays
  • Bridge to construction loan
  • Subject to a Development Agreement
  • Term: 12 months with 1 six month option to extend
$3,100,000

1st TD on 4.52 acres across 5 contiguous parcels of unentitled land in
Petaluma, CA
(Borrower Direct)

  • 60% LTV
  • Purchase Money
  • Bridge to entitlement/construction financing
  • Proposed project for 41 townhomes and 15 SFR’s
  • Facilitated obtaining an appraisal on behalf of client
  • Term: 12 months with 1 six month option to extend
$350,000

2nd TD on SFR Investment Property in Dana Point, CA
(Borrower Direct)

  • All cash out
  • 65% Combined Loan to Value
  • Cash used to purchase additional property
  • Three weeks from start to close
  • Limited documentable income/assets
  • Term: 12 months with 1 six month option to extend
$550,000

1st TD secured by a 16,128 sq. ft. vacant lot in Anaheim, Ca
(Borrower Direct)

  • Cash Out
  • 62% LTV with a cross-default provision
  • Analyzed the borrower’s schedule of RE to provide multiple debt service scenarios based on liquidity needs.
  • Repeat borrower
  • Term: 18 months with 1 six month option to extend
$1,275,000

1st TD on Purchase of Commercial Property in San Jacinto, CA
(Borrower Direct)

  • Funded in 4 days from request
  • 75% Loan to Value
  • Planned lender could not perform
  • Avoided the loss of deposit
  • Coordinate the close with guarantors in multiple locations
  • Term: 6 months
$3,350,000

1st TD on a 20 acre Development Project in Fallbrook, CA
(Broker Arranged)

  • Incredibly complex transaction
  • Dealt with significant legal hurdles
  • Allowed borrower to move forward to maximize property’s potential
  • Worked closely with borrower and multiple 3rd parties to customize loan structure to meet need
  • 55% Loan to Value
  • Established a one year interest reserve to assist in cash flow
  • Term: 18 months with a 6 month option to extend

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