501,505,507,529,554 S. 2nd St.
540 S. 1st St.
San Jose, CA

 

  • Purpose: Bridge loan until borrower secures a
    large construction loan to build 3 towers to max
    density and height.
  • Property Value: Purchase price of $22,500,000
    for the 6 properties: B through F 1
  • Terms:
    • Loan Amount: $3.5MM
    • Borrower down payment: $8.25 million
    • Term: 12 months
    • Minimum Interest: 6 months

Vernon Studios
2761, 2707, 2711 Fruitland Ave.

 

  • Purpose: To have access to working capital.
  • Property Value: $39.1 million, 3rd Party
    Appraisal in 2020
  • Terms:
    • Loan Amount: $3,000,000
    • Term: 12 months

18 Coral Ridge
Newport Coast, CA

 

  • Purpose: Business purpose loan to invest in borrower’s
    friend’s business.
  •  Property Value: Purchased for $20.6 million April, 2020
  •  Size: 12,628 sqft , 6 bd, 11 ba
  • Notes:
    • Built in 2017
  • Terms:
    • Loan Amount: $3,000,000
    • Term: 12 months• Minimum Interest: 6 months

37 26th Avenue #A, Venice, CA

Purpose: To have access to working capital
until home is sold.

 

  • Property Value: 3 3rd Party Appraisal at $2
    Million
  • Size: 3 BD, 3 BA, 1900 sf
  • Built in 1992
  • Terms:
    • Loan Amount: $315,000
    • Term: 12 months

1 Doppler Avenue, Irvine, CA

 

  • Purpose: To have access to working capital to continue
    business operations and consolidate short term debt
  • Property Value: 3rd Party Appraisal at $12 Million
  • Size: 40,000 Square Feet R&D / Flex space
  • Built in 2008:
  • Terms:
    • Loan Amount: $1,075,000
    • Term: 12 months with 12-month extension option
    • Minimum Interest: 6 months

1615 Blue Jay Way, Los Angeles, CA

Purpose: Extra capital access until
sale of property.

 

  • Property Value: $26 Million, list
    price is $26 Million
  • Notes: New Construction
  • Built in 1992
  • Terms:
    • Loan Amount: $1,825,000
    • Term: 12 months

9364 Beverly Crest Drive,
Beverly Hills, CA

Purpose: To have access to working capital
until home is sold.

 

  • Property Value: 3 3rd Party Appraisal at $35
    Million
  • Size: 5 BD, 8 BA, 10,278 sf
  • New construction
  • Terms:
    • Loan Amount: $2,000,000
    • Term: 6 months

404, 41, 420, 430 S. 2nd St.,
San Jose, CA

Purpose: Acquisition of the
4 properties.

  • Terms:
    • Purchase price $17.4M
    • Loan Amount: $2,000,000
    • Term: 12 months

2670 Bowmont
Beverly Hills, CA

Purpose: Residential Fix N Flip

 

  • Terms:
    • Purchase price $9,150,000
    • Loan Amount: $1,373,000
    • Term: 6 months