Performance Report:
- Year-to-date annualized return: 6.75%
- Number of loans: 219
- Gross loan portfolio dollars: $232,706,432 (80.82% in 1st and 19.18% in 2nd position)
- Average loan-to-value: 52.37%*
- Average loan amount: $1,062,586
- Number of Counties: 24
*calculated when loans are initially funded
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Featured Property:
Location: Burlingame, CA
Loan Type: Bridge Loan
Lien Position: 1st
Loan-To-Value: 66.22%
Loan Amount: $2,300,000
Description: The subject property is a single family home located in the upscale neighborhood in the hills of Burlingame, CA. It has 1,458 sq. ft of living area with 3 bedrooms and 2.5 bath, a fireplace and two car garage. This two story home was built in 1947 and has vintage details throughout with views of the San Francisco Bay from the main level.
The departing property home is located in Pacifica, CA, near Linda Mar Beach. The 4 bedroom, 2 bath house has 1,590 sq. ft and is recently remodeled with an open floor plan and gourmet kitchen.
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Property Types:
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Past 12 months Annualized Returns:
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