PORTFOLIO 2 | Gold Bridge CS

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Cash Out/ Refinance

Cash-Out Business-Purpose Refinance on 3 Different Residential properties
$525,000 Loan Amount
48% LTV on completion value / 30% LTV overall
60-Month Term (Long Term $$)
9.25% I/O
Low Origination fees
All loan proceeds were provided as cash-out, mainly collateralized by a property that was Mid-Construction
This loan was for a repeat Developer client of ours in the Greater Sacramento area. He needed money to finish a property that was mid-construction and pay off some business tax liabilities. We were able to structure business purpose loan proceeds against the property in Mid-construction and take 2nd positions on a rental and his primary residence. We were able to do this for him WITHOUT going through the headache of having broken priority/mechanics lien coverage with Title Insurance. Most private money lenders would not even consider this type of loan and structure.

Cash Out

Cash-Out Business-Purpose 2nd Lien on Primary Residence and 40+ Unit apartment complex
$600,000 Loan Amount
30% LTV / 55% CLTV
12% I/O
All Loan proceeds were provided as cash-out to the borrower
Quick close, limited documentation
This loan was for a newer relationship that we truly value. She came to us twice, and after she refused money the first time, we still were able to get her financing when it truly mattered, after we had told the investor to cancel funds. She initially came to us needing money for deferred maintenance on a 40+ unit apartment complex in Sacramento that she owns, and a family member was supposed to be providing that, for a long past debt. Well he did not. And after waiting long enough, she needed to rehab her units. So, we got to work. Two weeks later she had the money needed and we were even able to provide her with over $50,000 more than what she requested, with limited documentation.

Cash out Refinance

Private money Loan
$1,250,000 Loan
55% LTV
11% I/O
60 Month Term
NO prepayment penalty
Quick Close - no appraisal
Loan allowed to pay off private money 1st, 2nd, 3rd, and private money loan on another property
Turned Down multiple times by multiple lenders before coming to us

Purchase

Portfolio Money
$720,000 Loan amount
80% LTV (VERY HIGH LEVERAGE)
8.125% rate
5/1 ARM (1st 5 years fixed)
30 Year Loan Term
3 pts total Origination
Step Down Prepay - 5,4,3,2,1
Minimal Lender deposit on Term Sheet - $2,000
Used appraisal on file
Super quick closing after private money turn down; loan allowed for over $5,000 monthly savings (internal)
Unusual Leverage and term for property type

Cash Out and Refinance Bridge Loan

Private Money
$1,250,000 Loan amount
60% LTV
7.50% I/O (SUPER LOW PRICING)
12 Month Term
4 pts total Origination
NO Prepayment Penalty
Loan was very tricky as we had to coordinate closings on 3 different buildings (office and retail) with 4 different entity structures, 2 of which were getting cash-out to pay off a dispute settlement and one purchase, the purchase needing to close first

Construction Loan

Private Money
$968,000 Loan Amount
85% LTC (HIGH CONSTRUCTION LEVERAGE)
65% LTV (on completion value)
9% I/O
12 Month Term (with extension possibility)
5 pts Total Origination
No Prepayment Penalty
Borrower was not bankable but also didn’t want bank money b/c he wanted more flexibility with the construction draws/materials
Client also brought over $40,000 less to the table than had planned

Cash Out Refinance

Portfolio Money – STATED INCOME
$440,000 loan amount
75% LTV (HIGH LEVERAGE)
6.75% ARM
5/1 ARM (1st 5 years fixed)
30 Year Loan Term
4 pts total Origination
Step Down Prepay – 5,4,3,2,1
Client had to go stated income b/c did not show income on paper. Loan qualified off property rental income.
Loan paid off current hard money loan and put over $60,000 cash in hand to client

Cash Out Refinance

Cash Out