Kailua, HI

  • Deal Closed: Dec-16
  • Lending Amount: $2M
  • Security 1st Lien
  • Collateral: Raw Land
  • Collateral Description: 25,000 sf property planned for a 42-unit condo/apartment building
  • Gross Loan to Value Ratio: 30.9%

Fort Worth, TX

  • Deal Closed: May-17
  • Lending Amount: $4.4M 
  • Security 1st Lien
  • Collateral: Raw Land
  • Collateral Description: 87 acres of vacant land
  • Gross Loan to Value Ratio: 52.6%
 

 

Corpus Christi, TX

  • Deal Closed: Jul-16
  • Lending Amount: $6.3M
  • Security 1st Lien
  • Collateral: Raw Land
  • Collateral Description: 6 acre of vacant land for residential community or hotel use; 11 acre of vacant land for commercial use; ~7,100 square foot single family home with 3 acres of land
  • Gross Loan to Value Ratio: 60%

Riverside, CA

  • Deal Closed: Nov-16
  • Lending Amount: $11.6M
  • Security 1st Lien
  • Collateral: Raw Land
  • Collateral Description: 6 separate residential subdivisions total of 465 acres 
  • Gross Loan to Value Ratio: 58.5%
 

 

Pinehurst, TX

  • Deal Closed: Jun-15
  • Lending Amount: $3.9M
  • Security 1st Lien
  • Collateral: Raw Land
  • Collateral Description: 123 acres vacant land
  • Gross Loan to Value Ratio: 31%

Katy, TX

  • Deal Closed: Jun-16
  • Lending Amount: $5.3M
  • Security 1st Lien
  • Collateral: Raw Land
  • Collateral Description: 3 separate parcels total of 166 acres
  • Gross Loan to Value Ratio: 53.8%
 

 

Corpus Christi, TX

  • Deal Closed: May-15
  • Lending Amount: $2.4M
  • Security 1st Lien
  • Collateral: Raw Land
  • Collateral Description: 6.39 acres of partially developed land
  • Gross Loan to Value Ratio: 58%

Maricopa County, AZ

  • Deal Closed: Jun-15
  • Lending Amount: $4M
  • Security 1st Lien
  • Collateral: Raw Land
  • Collateral Description: 11,300 acres of land
  • Gross Loan to Value Ratio: 65%
 

 

Reno, NV

  • Deal Closed: Apr-15
  • Lending Amount: $10M
  • Security 1st Lien
  • Collateral: Raw Land
  • Collateral Description: 810 acres property west of Reno
  • Gross Loan to Value Ratio: 76%

San Antonio, TX

  • Deal Closed: Apr-15
  • Lending Amount: $7M 
  • Security 1st Lien
  • Collateral: Raw Land
  • Collateral Description: 35 acres raw land
  • Gross Loan to Value Ratio: 44.6%
 

 

Houston, TX

  • Deal Closed: Jan-14
  • Lending Amount: $3.5M
  • Security 1st Lien
  • Collateral: Raw Land
  • Collateral Description: Approximately 5 acres of land
  • Gross Loan to Value Ratio: 53.1%

Corpus Christi, TX

  • Deal Closed: Mar-15
  • Lending Amount: $16M
  • Security 1st Lien
  • Collateral: Raw Land
  • Collateral Description: 270 acres raw land
  • Gross Loan to Value Ratio: 50%
 

 

Dickinson, TX

  • Deal Closed: Jun-12
  • Lending Amount: $3.2M
  • Security 1st Lien
  • Collateral: Commercial
  • Collateral Description: Eleven (11) one story storage buildings totaling 73,350 rentable square feet and 642 individual storage units
  • Gross Loan to Value Ratio: 43.96%

Elk Grove, CA

  • Deal Closed: Dec-13
  • Lending Amount: $3.3M
  • Security 1st Lien
  • Collateral: Raw Land
  • Collateral Description: 75.1 acres site planned for a variety of uses, including industrial, retail, residential and a senior living facility
  • Gross Loan to Value Ratio: 57.40%