Elementor #341 Problems $1.9M

$1,900,000 new 1st on a pear ranch

Forclosure bailout

Multi-generation family ranch in northern California had two bad production years and was in foreclosure and in danger of being lost. Current production was solid, and the value was strong, so I was able to procure a private lender to payoff the loan in foreclosure and save the property.

$225,000 combo loan for fix and flip

Ran out of money

Barbara, was a single woman in the middle of repairing a home to re-sell and ran out of money. The value was weak because the remodel was about halfway completed. Was able to find a private lender to loan funds necessary to complete the project using a draw against progress and two condos owned by the borrower as collateral. Saved her project and he made a profit.

$650,000 bare land zoned commercial near major hwy

Partner buyout

LLC borrower had been developing an 8 acres parcel for several years. The value plummeted yet they had over $1,200,000 invested. The LLC needed to buy out three partners to keep them from causing legal difficulties and continue the zoning process which was nearly complete. Found a private party to fund the loan.

Leave a Reply

Close Menu