Recently funded multi-family Not-So-Hard Money (TM) loans
165-Unit Apartments
Phoenix, AZ; $2,000,000; Purchase Money Bridge Loan; 43% LTV; 9.99% Int Rate; Non-Recourse. Real Estate Opportunity Fund used our loan to purchase this property from Fannie Mae. Bridge loan until able to refinance with a conforming lender.
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25 UNIT Multi Family Residence
25 UNITS in Phoenix, Az
Value:$ 277,000 Loan Amt.$: 75,000
27.1% LTV 9.99% Interest Rate 5 Yr Balloon
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26-Unit Apartments
Tucson, AZ; $265,000; Refi-Cash Out; 55% LTV; 10.5% Int Rate; 5 year term
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46-Unit Apartments
Phoenix, AZ; $525,000; Refi-Cash Out; 58% LTV; 10.99% Int. Rate; Non-Recourse. Investment group paid cash for property, then used our loan proceeds to complete property rehab plus cash out for other investments.
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56-Unit Apartments
Pinal County, AZ; $485,000; Refi-Cash Out w/Holdback; 48% LTV; 10.99% Int Rate. Investor paid cash then used our loan for cash out plus a holdback to complete renovation of the property.
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Historic Motel Converted into 8 Apartment Units
Phoenix, AZ; $104,000; Refi-Cash Out; 65% LTV; 12.99% Int Rate. To pay off bank loan due plus cash out.
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Partially Completed Condo Complex
Pinal County, AZ; $1,120,000; Refi-Cash Out; Non-Recourse. Investment group paid cash for distressed property. Used our cash-out loan with $400,000 holdback to complete construction.
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