Recently funded retail Not-So-Hard Money (TM) loans
Auto Repair
Navajo County, AZ; $156,000; Refi-Cash Out; 60% LTV; 11.99% Int. Rate. Refinance seller carryback and cash out for business operations.
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Auto Sales & Repair
Mesa, AZ; $425,000; Refi-Cash Out; 49% LTV; 10.99% Int. Rate; 5 year term.
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Retail / Office / Warehouse
Graham County, AZ; $250,000; Refi-Cash Out; 50% LTV; 10.99% Int Rate; 5 year term. Small town, metal building.
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Retail Center
Mesa, AZ
Loan Value $400,000 Loan Amount $200,000 50% LTV 10.99% Interest Rate
NON-RECOURSE
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Retail Strip Center
Phoenix, AZ; $240,000; Refi-Cash Out; 12.00% Int Rate. Cash out for business use and other investments.
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Retail w/12 Acres Land
Phoenix, AZ; $800,000; Refi-Cash Out; 32% LTV; 11.99% Int. Rate. Owner was negotiating the sale of the property to the city. Used our loan for operating cash until the sale.
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RV Park w/140 Acres
La Paz County, AZ; $1,300,000; Refi-Cash Out; 52% LTV; 11.25% Int. Rate. Monthly payments adjusted to reflect seasonal business.
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