$1,500,000 Second subordinated behind a $6,500,000 construction loan for a Beverly Hills Estate spec home.  Even after the $6,500,000 construction loan was fully funded, the house was still not completed.  Our client needed another $1,500,000 to finish the house.  The construction lender wouldn’t give our client additional proceeds and not many lenders are interested in making a small loan behind a large loan.  Because of our extensive construction expertise and in-depth market knowledge, NFC quickly provided the $1,500,000 second.  Our loan enabled our client to complete the construction and sell the house for a substantial profit.

$2,800,000 Infrastructure development loan in Las Vegas , Nevada .  Our loan provided 100% of the funds necessary to improve the land to get finished pads.  Additionally, NFC funded excess proceeds that our client used to exercise an option on an adjacent parcel and capitalize on an outstanding acquisition.  Our client’s only other financing alternative was to take on an equity partner.  With a loan from NFC , our client was able to maximize his profit.

$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.

$1,500,000  Purchase Money Loan for a single family residence in West Los Angeles .  Our client is not a U.S. Citizen, had no credit history, personal statements, or tax returns to confirm income, nor did he have any U.S. financial accounts to verify liquidity.  Additionally, he needed to close on the acquisition quickly because there were multiple back up offers on the property.  Our 75% LTV loan closed in a matter of days.

$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.

$3,800,000 Infrastructure Development Loan.  Our client is one of the pioneers in redeveloping a decrepit Northern California neighborhood.  He has acquired and entitled a parcel of land on which he intends to build entry level houses.  NFC is providing 100% of the costs for the entire project.  This first loan of $3,800,000 will finance all of the infrastructure costs and a second loan of approximately $12,000,000 will provide 100% of the costs to construct the houses.  The borrower will not have to put one additional cent into the project; in fact, NFC is also providing some excess cash proceeds to our client.