Representative Transactions

$2 Million Construction Loan — Southern California
1st T.D. construction loan facilitating the construction and sale of four homes near the Main Street oceanfront area of Huntington Beach.

$2 Million Foreclosure Purchase Credit Facility — Southern California
1st T.D. credit facility to a buyer of homes at foreclosure auctions. Loan provides up to 60% of purchase price, 50% LTV up to $300,000 per home.

$8 Million Foreclosure Purchase Credit Facility — Southern California
1st T.D. credit facility to an experienced buyer of homes at foreclosure auctions. Loan provides up to 75% of purchase price, 60% LTV up to $250,000 per home and is supported by additional collateral beyond the deeds of trust.

$2 Million Construction Loan — Southern California
1st T.D. construction loan facilitating the construction and sale of 19 homes at $350,000-$375,000 in a tract originally selling in excess of $600,000. The real estate was purchased out of construction lender REO at less than 50% of the cost of in-place site improvements. The project has come in within budget, with sales prices in excess of proforma.

$5 Million Foreclosure Purchase Credit Facility — Southern California
1st T.D. credit facility to an experienced buyer of homes at foreclosure auctions. Loan provides up to 60% of purchase price, 50% LTV up to $300,000 per home.

$600,000 Collateral Assignment — Residential Mortgage Pool
$600,000 loan to a local residential mortgage fund for use as seed capital for the purchase of discounted loan portfolios. The loan was secured by performing first and second trust deeds representing a 29% LTV.