Just Funded- Medical Office in Montebello
- 1st TD- $1,359,000
- 2nd TD- $133,250
- 5 Year Term
- Other Lenders MAX LTV was 60%
- INBANET Strategized and Funded at 65% CLTV
- Owner User Property
- Unique Underwriting
- Broker Earned $27,180
Just Funded Hard Money Loan in Inland Empire with Line of Credit Option
- Gross loan amount $1,000,000
- Net funding $750k
- Available line of credit $250k
- No interest charge on line of credit
- Closed in 10 days from submission
- Referring broker made 15,000
Just Funded 20 Units in City of Gardena
- $2,400,000
- 3.875% P&I
- 5 year fixed. Amortized for 30 years
- Major bank required earthquake policy which would have killed cash flow.
- Out portfolio investor closed it without earthquake insurance poliy
- Referring broker earned $18,000
Just Funded In-House Temple in Los Angeles
- $650,000
- 9.875% Interest Only
- 30% loan to value
- 5 year term
- No income. No taxes
- Referring broker earned $9,750
Just Funded Hillside Land Lot in Hollywood with Inbanet’s In-House Hard Money Program
- $500,000
- Declined by others due to being hillside
- 50% LTV
- 18 month term
- Closed in 7 days
- Referring broker made $10,000
Just Funded 11 Units in City of Barstow
- $270,000
- Declined by 10+ Hard Money Lenders
- 7.25% Interest Rate
- 15% seller carry allowed
- 63% Occupancy, No problem
- 60% LTV
- Broker Earned $6,750
Just Funded- Land Acquisition
- $250,000
- Closed in 4 business days from submission
- Offer written as an all cash transaction
- Seller gave very limited time to close
- Single digit rate
- 50% LTV, located in Los Angeles
- Broker Earned $5,000
Just Funded In-House Land Lot in Los Angeles
- $80,000
- Funded in 10 days from submission
- Unique underwriting
- 2 year term
- Raw land
- 50% LTV
- Broker Earned $4,000
Just Funded In-House Automotive Shop in Los Angeles
- $240,000
- Funded in 11 days from submission
- Special use property
- 3 year term
- Challenging due to property type
- 50% LTV
- Broker Earned $4,800