Recent Loans

• $9,500,000
  Phoenix, AZ
  132 unit apartment complex being converted to condominiums. Loan is incrementally funded
  as conversion work takes place.
  Summary: Interest only, due in 2 years, 51% LTV
  
• $6,000,000
  Stockton, CA
  Construction of 726 unit self-storage facility. Loan is incrementally funded as construction progresses.
  Summary: Interest only, due in 3 years, 73% LTV
  
• $3,500,000
  Auburn, CA
  18 hole championship golf course with 10,600 square foot clubhouse.
  Summary: Interest only, due in 2 years, 70% LTV
  
• $2,765,000
  Las Vegas, NV
  3-Story Office Building (28,767 sf.) with adjoining 14,000 sf. lot (excess land)
  Summary: Interest only, due in 2 years. 72% LTV.

• $19,000,000
  South Lake Tahoe, CA
  A) 41 retail spaces containing 67,793 sf.
  B) 26,646 sf. multi-plex theatre and outdoor ice rink plus 6,000 sf commercial space
  The retail portion of the Marriott condominium development at Stateline.
  Summary: Interest only, due in 10 years. 60.31% LTV.

• $7,700,000
  Phoenix, AZ
  Vacant 10-story, 177,000 sf. office building on 8.49 acres in midtown Phoenix. Planned for conversion to 229-unit condominium complex.
  Summary: Interest only, due in 1 year. 60% LTV.
  

Loans are made pursuant to a Department of Corporations California Finance Lenders License.