Balboa Income Fund, LP is a Direct Lender, Focused on Short Term Bridge Loans, secured by First Deeds on California Real Estate. At Balboa Income Fund, we understand that time is of the essence when it comes to your financing. We strive to provide honest, reputable service tailored to your needs, goals and time-frame.
|INTEREST RATES||6.75% - 7.75% per annum||LOCATION||California|
|LOAN TO VALUE||Up to 60% LTV||LOAN MATURITIES||1 to 12 months; no prepayment penalty|
|LOAN AMOUNTS||$500,000 – $5,000,000||TYPES OF PROPERTIES||Non-Owner Occupied Single Family, Multifamily, Office and Retail|
|ORIGINATION FEE||1.5 – 2.0 points, depending on the length of the term||LEAN POSITION||First trust deeds only.|
|PREPAYMENT PENALTY||None||TIME FRAME||Closing within 10 days of approval.|
888 Prospect St. Suite 200