[su_spacer size=”10″]Performance Report:
As of 12/31/15:
- Fourth quarter average return: 7.75%
- Year-to-date annualized return: 7.75%
- Number of loans: 92
- Gross loan portfolio dollars: $41,160,796(87.70% in 1st and 12.30% in 2nd position)
- Average loan-to-value: 46.90%*
- Average loan amount: $447,400
*calculated when loans are initially funded
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Featured Property:
This El Cerrito home is a 2-story, 1,020sqft single family home. It has 2 bedrooms and 2 baths. It sits on a 7,840sqft lot. The home is bright and has large views of the Golden Gate and Bay bridges. It has an updated kitchen with an island and plenty of storage. There are wood beam ceilings and the Master suite has an updated bath with access to the deck. There is a separate office and a 2 car garage. There is access to the large deck off the kitchen.
Our Borrower is a real estate investor who wanted to purchase the El Cerrito property to add to his portfolio of rentals. He needed to move quickly to get his offer accepted. He used our bridge loan to complete the purchase quickly and put up an 11-unit property in Oakland as additional collateral. We gave him a loan of $615k crossed on both properties
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Property Types:
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Past 12 months Annualized Returns:
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