$4,000,000 Second trust deed construction loan behind a $3,975,000 permanent loan for a Brentwood Park Estate for speculative purposes.  

An experienced builder needed a construction loan to build a three story, eastern traditional style single family residence.  We allowed the low interest rate priority lien to remain in place saving the borrower loan fees and interest carry costs that otherwise would have been paid if the borrower was to obtain a first trust deed construction loan.  Because of our extensive construction expertise and in-depth market knowledge, we were able to provide a construction loan in a subordinate lien position.  Our construction loan enabled our client to construct the home and sell the home in a challenging housing market. 

$13,000,000 Land Loan on a master planned Business Park .  In the initial phases of this Northern California Business Park land sales were brisk.  With the downturn of the dot.com industry, sales halted.  The bulk of our client’s net worth was tied up in this project.  Our client intended to use the loan proceeds as equity to acquire other properties in order to diversify his real estate portfolio.  

$3,000,000 Loan on an owner-occupied single-tenant industrial building with a tenant that had negative earnings for the past two years.  The tenant suffered two years of losses due to 9/11 and the West Coast port strike.  They had exhausted all their credit facilities and were seriously strapped for cash.  No institutional lenders would provide them further credit nor would they lend against their building.  Our 75% LTV loan closed in 8 days.  Using our loan proceeds, the company is on target to achieve their highest grossing year ever.

$2,500,000 first trust deed construction loan to complete construction of a speculative home in Brentwood.  The Borrower was approximately 65% complete on an extensive remodel and addition of an existing home.  The Borrower depleted his funds and required additional funds to finish the home.  We created an interest reserve and provided the funds to complete construction.