Western Real Estate Business magazine covers the multifamily, retail, office, healthcare, industrial and hospitality sectors in the Western United States.
Issue link: https://westernrealestatebusiness.epubxp.com/i/818922
F I N A N C E 6 • May 2017 • Western Real Estate Business www.REBusinessOnline.com PROPERTY CLASS LOCATION (CITY, STATE) SIZE AMOUNT LENDER ARRANGED BY US Storage South Bay Storage facility Hawthorne, Calif. 118,465 SF $14 million Undisclosed KeyBank Real Estate Capital Meadows Manor Mobile Home Park Manufactured housing community Watsonville, Calif. 254 spaces $13.7 million Capital One Multifamily Finance Undisclosed The Sycamores Mulitfamily Inglewood, Calif. 155 units $9.2 million Universe Holdings HFF The Roosevelt Multifamily Tempe, Ariz. 32 units $8.6 million Buchanan Street Partners Undisclosed 4536 Olivewood Ave. Medical office Riverside, Calif. 27,000 SF $8.5 million Undisclosed HFF Alondra Villas Multifamily Compton, Calif. 29 units $7.57 million Pembrook Capital Management LLC Undisclosed Holiday Inn Express and Suites Hospitality Stockton, Calif. 73 rooms $7 million iBorrow Undisclosed FINANCIAL SCOREBOARD Loans Recently Closed For Western Properties California's Premier Direct Private Money Lender Providing Equity-Based Lending For Real Estate Properties Investors | rehabbers | CorporatIons | probate estates | brIdge FInanCIng Stated Business Purpose Loans on Resident Properties (SFR, condo, PUD, 1-4 units) • Stated on O/O, N/O/O & Invest. • Refinances up to 65% LTV, $50K to $5 million • Purchases up to 70% LTV, min loan amount $50k to $5 million • Loan terms from 6 months to 10 years, fixed or amortized options available • Rates from 7.99% and up • 2nd position loans on O/O and N/O/O properties up to 60% CLTV • 5-7 day closing available • No appraisal options available Stated Apartments and Units (5+ residential units) • Up to 70% LTV on refinance and purchases • Loan limits $50K to $5 million • Stated & No Doc options available • Loan terms: 1 year, 3 year, 5 year, 7 year and 10 year, fixed IO or fully amortized • 2nd position loan available for commercial products up to 60% CLTV • 5-7 day closing available • No appraisal programs available Commercial (industrial, retail, warehouse, mix-use, gas station, auto related, manufacturing and etc) • Up to 60% LTV on refinances • Up to 60-70% LTV on purchases • Terms from 1 to 5 years, fixed or amortized Land Loan (max ltv 35% refinance, 50% purchase) CALL FOR DETAILS 877-686-6565 Office • 866-318-4471 Direct Fax • www.CalHardMoney.com • info@CalHardMoney.com PB Financial Group Corp NMLS #357614 / PB Financial Group Corp BRE # 01522495 Disclosures: **Per FDIC Regulations Section 6500, Part 226, Subpart C, 226.24. The amount of each payment that will apply over the term of the loan is based on simple annual interest applied to the unpaid balance. Loans range from 1 day to 60 months, are interest only and include a balloon payment due at term. Finance charges apply. Payments do not include amounts for property taxes or insurance premiums. This is not a commitment to lend. Rates and points are subject to change without notice.