Normal Heights – Refinance
In less than 30 days, LJCG secured a 70% LTV cash-out refinance loan for a repeat client at 3.69% 5-year fixed rate in credit environment where market interest rates are 4.00-4.50%
Bankers Hill – Purchase
LJCG was able to arrange a purchase loan with $100K+ more in proceeds than the competition, and at a lower rate. At commitment LJCG was able to increase the loan amount by an additional $90k, far exceeding the borrowers expectations.
Construction Take-out Loan
This Project was completed but only partially leased out when LJCG secured a 4.00% 10 year fixed rate take out loan at 70% of appraised value
Cash-out Refinance to Purchase
Borrower required a max LTV cash-out refinance for a down payment to purchase 2 additional buildings with rents below market. LJCG successfully arranged 75% LTV cash-out refinance and structured a purchase loan with a secondary earn out funding of $200K additional loan dollars once rents were increased after close.
First Time Buyer – San Diego Purchase
LJCG secured a 75% loan to value purchase loan for a first time apartment buyer at 3.25% fixed for 5 years
College Area – Purchase
LJCG was able to negotiate a secondary funding of $200K in additional loan dollars within 4 months of close and assisted the borrowers with achieving the earn-out.
Ocean Beach – Refinance
LJCG arranged cash-out refinancing for borrower to take out 90% equity within 6 months from original purchase date. Property was a fully rehabbed 6-unit building in the ocean beach community.
5 Building Purchase – City Heights
A repeat client was under contract to purchase 5 buildings. LJCG sourced individuals loans that allowed an average of 72.6% LTV across the portfolio under a 5 year fixed rate of 3.21%
Fractured Condo Purchase
LJCG succesfully structured a purchase loan for 89 Individual Condo units in a 176 unit project, allowing the buyer prepay flexibilty along with individual releases at an attractive rate and 70% LTV
89 Individual Condos
City Heights – Purchase
LJCG worked with a Foreign National Buyer/borrower that had no prior assets in the U.S. no tax returns, and no documented income. The loan successfully within 30 days.
College Area – 1031 Exchange Purchase
$3,372,000 & $2,700,000
LJCG structured purchase loans with earn-outs and overcame appraisal issues to close in a timely manner and meet 1031 exchange deadlines for properties located in two different states.
35 Units & 90 Units
City Heights – Refinance
Lender originally declined the loan request when borrower went direct. LJCG successfully re-directed the loan request back to the same group after advising client on specific property improvements and repackaging the request, closing this cash-out refinance in 40 days.
Vista – Fractured Condo Purchase
LJCG negotiated a flexible loan with individual releases for this broken condo project located in Vista, CA. The releases will allow the new owner to sell off each condo individually without incurring a penalty.
3 Building Refinance – National City
These loans were for a repeat client who had prepays with a couple years left until they expired. LJCG was able to negotiate and waive the existing prepays and refinance the debt for all 3 loans at 3.75% fixed for 10 years