28,000 Sq. Ft.
Downtown Los Angeles, CA
1st TD $3,150,000
10.75%
18 month term

This particular client owns a large clothing distribution business located in Downtown Los Angeles. His note was coming due, and he needed a quick bridge loan while undergoing the SBA process. After underwriting the file using SBA standards to insure a clear exit strategy, we decided to make the loan for 18 months. The client accepted a six month interest reserve for payments and signed an exclusive with us to provide SBA financing. We will pay off our original lien, and provide him additional cash out for business expenses. This file was closed in 16 days.

Benicia, CA
1st TD $1,350,000
11.5%
24 month term

One of our favorite brokers referred this loan to us on a Thursday evening. The broker was very prepared and had done complete and accurate due diligence. We spoke to the borrower with the broker on Friday morning. After discovering the time frame, we opened title and escrow that morning. Our wonderful title rep was able to provide us a full preliminary report on the 8 condos on Monday. We immediately prepared our loan documentation for the borrower to sign on Wednesday. The loan recorded on Friday, exactly 5 business days from submission. This was due in part to a well prepared referring broker, a committed borrower, and experienced investors.

4100 Sq . Ft.
Del Mar, CA
1st TD $4,000,000
2nd TD $800,000
24 month term
Blended Rate 9.4%

Our client is a wealthy veteran of the gaming industry with property on both coasts. He came to us in need of $4,800,000 to pay off an existing lien on another property he owns in Mississippi. He is a high net worth individual with impeccable credit, and a savvy investor. After speaking with him and determining his goals, we were able to provide the necessary financing using a First and Second Trust Deed for a period of 24 months with no prepayment penalties.

Anaheim, CA
1st TD $695,000 Cash out
11.25% 2 year Interest Only
13 day close
Private Investor

Our client recently inherited this very nice mixed use building in Anaheim. Unfortunately, the client was left with a heave Estate Tax in addition to the assets he inherited. After working with two other private lenders for more than 60 days, he came to us in a hurry. Based on the income of the building and the desirable location, we were able to arrange fast financing for him. We provided the needed $575,000 to pay the Estate Tax, and a small amount of cash out to pay some of his existing business debt.

Pasadena CA
2nd TD $100,000 cash out
13% 24 Month Interest Only
Docs out in 4 days from submission
Brokered Loan

This was a quick loan for an artist client of SouthCal. The borrower owns and operates a children’s art school and needed supplies for her first summer season. She had an 825 FICO and a long standing, profitable business. We were happy to assist her with a small loan to get her first summer session going. She has already established an escrow account on her own, and is making payments ahead of schedule. She will be able to pay off the balance in 9 months.

Vernon, CA
1st TD 935,000
11% 24 month Interest Only
11 day close
Private Investor

Our client owns several industrial buildings in Vernon with strong regional tenants. He purchased the subject property in 2003 all cash for $2,650,000. In 2006 he took a five year private money loan to purchase another industrial property. Due to some past credit issues, he is unable to qualify for bank financing. We were able to arrange a loan for 24 months and pay off his previous private money lender. At our rate of 11%, the building has a DSCR of 1.75.

12 Tenant Retail Strip
Lawndale CA
1st TD $320,000 all cash out
10.25% 5 year Interest Only
20 day close
Private Investor

This was a 20 day close. However the borrower was in Mexico for 13 of those days! A simple free and clear, retail strip in Lawndale with long term tenants in place. The client was presented the opportunity of buying the 2.6 acre lot adjacent to his property at a deep discount. A strong NOI, solid long term tenants, and very good credit history enable us to provide a five year term at a favorable rate. The borrower has since purchased the lot and is beginning the permitting and entitlement process.
20 day close
Private Investor

Sherman Oaks, CA
1st TD $780,000
10.5% 3 year Interest Only
Docs out in 6 days from Submission
Private Investor

This investor is a long term client of the firm. He has owned the subject property for 33 years. The client made $500,000 in renovations to the building in 2009. He needed to pay off his current lien that was coming due, and buy a small machine for his mechanic business. He has never been late on a payment previously, and we enjoy doing business with him. We provided a favorable term for three years and a small amount of cash out.

Our client needed a quick 2nd TD on his 8 unit apartment complex in Newport Beach, CA. The client needed $380,000 to pay vendors for his manufacturing business. He had satisfactory credit and displayed a strong exit strategy. Due to the lack of equity in the subject property, we used additional collateral to satisfy our LTV requirements. We were able to arrange financing on this property with a rate of 12.5% and 62% CLTV. This file funded in six business days with the help of a committed borrower

Our client was in need of a $1,100,000 First TD on his 22,000 sq ft industrial building in Santa Ana, CA. The property was in good condition and had sufficient income to service the debt. He had recently leased to three new long term tenants. After paying off his existing lien, he was able to use the cash out of $200,000 to make upgrades to the building. We were able to arrange financing at 10.25% and fund in 13 days. The Loan to Value was 58%.