San Diego Private Equity | New Construction Loans

	Company History Jim Lackey Associates has been helping clients obtain financing for a wide variety of needs since 2005. In most instances, all parties involved benefited from our efforts: borrowers received funds for loans that needed funding, investors received above-market interest, and our firm was compensated for its efforts. It should be noted that while the vast majority of our loans had favorable outcomes, not all loans we facilitated ended as anticipated. Some were casualties of the market downturn; a few investors lost money. Following is a chronology of loans arranged by Jim Lackey Associates, starting with the most recent and going back to our inception in 2005: Private Real Estate Loans facilitated by Jim Lackey Associates: 2024: $500,000 loan for a new client to purchase an investment property in Vista, CA; $2,475,000 loan to purchase an investment property in Coronado, CA $1,090,000 refinance and construction loan for a longtime client in Oceanside, CA $900,000 bridge loan for clients to purchase a new residence prior to selling their current residence $4,500,000 for multiple refinance loans $5,750,000 construction loan to build a luxury spec home in Rancho Santa Fe, CA $5,500,000 construction to loan to build a luxury spec home in Rancho Santa Fe; CA$800,000 purchase loan in Vista, CA $2,500,000 construction loan to build a luxury spec home in San Diego, CA $1,500,000 loan to purchase a Single-Family Home in Oceanside, CA $5,750,000 construction loan to build a 10,000sf spec home in Rancho Santa Fe, CA $5,700,000 loan to refinance an industrial property in Sylmar CA $1,550,000 loan to refinance an industrial property in Temecula, CA $1,000,000 loan to refinance a Single-Family Residence in Hillcrest, CA $1,250,000 loan to refinance a 5-unit apartment building in San Diego, CA $975,000 loan to refinance a two-unit apartment building in San Diego, CA $500,000 loan to purchase an investment property for a 1031 Exchange in Encinitas, CA 2023 - Total Fundings: $26,355,000 $2,400,000 construction loan to build a corporate retreat in Northern California $500,000 business purpose loan to expand a sunglasses business in San Diego, CA $900,000 loan to purchase an investment property in Bonsall, CA $220,000 to complete construction on a residential property in Carlsbad, CA $800,000 loan to refinance a rental property in Carlsbad, CA $1,200,000 loan to complete construction of a residential property in Point Loma, CA $1,300,000 loan to complete construction of a residential property in Granite Point, CA $850,000 bridge loan to purchase a new residential property outside CA $2,700,000 loan to build a residential investment property in Ventura, CA $1,000,000 loan to complete construction of a residential property in Rancho Santa Fe, CA $660,000 refinance loan for a duplex in La Jolla, CA $900,000 purchase loan for a property in Encinitas, CA $550,000 bridge loan in San Diego, CA $3,150,000 construction loan to build a single family residence in Pacific Beach, CA $375,000 bridge loan to purchase a new residence in Oceanside, CA $1,300,000 construction loan to grade a residential project in Encinitas, CA $850,000 construction loan to complete a multifamily project in Chula Vista, CA $2,700,000 second trust deed business purpose loan on an investment property in Rancho Santa Fe, CA 2022 - Total Fundings: $28,565,000 $2,700,000 construction loan to build 10 Single Family Homes in San Diego, CA $240,000 construction loan in San Juan Capistrano, CA $800,000 refinance of land loan in San Diego, CA $4,970,000 construction loan in Oceanside, CA $770,000 refinance of a commercial property in Point Loma, CA $1,775,000 bridge loan to purchase a new personal residence in Carlsbad, CA $400,000 business purpose loan in Solana Beach, CA $400,000 business purpose loan in Chula Vista, CA $700,000 construction loan in La Jolla, CA $1,010,000 construction loan in San Diego, CA $750,000 Estate Equalization loan in La Jolla, CA $200,000 renovation loan in San Diego, CA $4,500,000 purchase loan in La Jolla, CA $8,500,000 construction loan to build 19 townhomes in San Diego, CA $750,000 loan to equalize a family estate in La Jolla, CA 2021 - Total Fundings: $41,485,000 $3,250,000 construction loan to build 10 micro housing units in Point Loma, CA $750,000 construction loan to complete a Single Family Residence in Carlsbad, CA $8,100,000 construction loan to build a luxury residence in Rancho Santa Fe, CA $9,300,000 bridge loan to purchase a new residence in Rancho Santa Fe, CA $3,900,000 construction loan to build three luxury condos in Oceanside, CA $1,000,000 business purpose loan using the borrower’s residence as collateral $980,000 loan to complete construction of a single-family residence in Encinitas, CA $650,000 loan to purchase a development property near SDSU $845,000 construction loan to build a single-family residence and Auxiliary Dwelling Unit in Ventura, CA $3,900,000 construction loan to build five residential condos and a commercial unit in Oceanside, CA $2,900,000 loan to purchase a development site in Solana Beach, CA $800,000 loan to purchase an income-producing property in San Diego, CA $300,000 refinance loan on a development property in Oceanside, CA $1,750,000 loan to build a private residence in Encinitas, CA $300,000 cash-out refinance on a property in San Diego, CA $2,900,000 loan to purchase a prime development property in Solana Beach, CA $700,000 advance of funds for development project in Mission Beach, CA $500,000 refinance of a residential property in La Jolla, CA $300,000 purchase loan for a property in Fallbrook, CA 2020 - Total Fundings: $19,310,000 $300,000 loan to purchase a residential property in Fallbrook, CA $1,820,000 loan to purchase a new primary residence in Poway, CA $1,700,000 loan to build two single family homes in Mission Beach, CA $1,800,000 loan to purchase a new primary residence in San Diego, CA $750,000 loan to refinance a single-family residence in Rancho Santa Fe, CA $350,000 loan to refinance a single-family residence in Encinitas, CA $2,500,000 loan to purchase a new primary residence in Rancho Santa Fe, CA $1,440,000 loan to purchase a new primary residence in San Diego, CA $200,000 equity raise as part of a multifamily renovation project $1,100,000 refinance of business loan $500,000 construction completion loan for a project in La Jolla, CA $1,700,000 trust equalization loan to settle of family trust $2,160,000 construction loan to build two single family residences in Temecula, CA $2,250,000 construction loan to build two condos with ADU in Mission Beach, CA $2,000,000 construction loan to build either modular townhomes in Escondido, CA $550,000 loan to purchase a residential lot in Olivenhain, CA 2019 - Total Fundings: $24,800,000 $750,000 loan to augment construction financing for a development project in Carlsbad, CA $500,000 loan to complete construction on a spec home in La Jolla, CA $1,100,000 refinance of a single-family residence in Poway, CA $980,000 bridge loan to purchase a new home in San Diego, CA $800,000 loan to purchase a commercial property in Ramona, CA $300,000 loan on a vacant parcel in Oceanside, CA $320,000 equity raised for development project $260,000 loan made to a Trust in order to settle the estate of the beneficiaries’ deceased parents in El Cajon, CA $600,000 construction loan to build a new Single-Family residence and Accessory Dwelling Unit (“ADU”) in Oceanside, CA $700,000 loan to construct a new Single-Family residence to be occupied by the client in Carlsbad, CA $340,000 cash-out loan to assist the client’s investment in his growing real estate development business. $350,000 cash-out loan to further invest in the client’s biopharmaceutical start-up business in La Jolla, CA $850,000 bridge loan to facilitate the purchase of a new personal residence in San Diego, CA $700,000 loan to complete construction of a Single-Family home in Poway, CA $3,900,000 loan to refinance a development project in San Diego, CA $500,000 loan to complete construction on a Single-Family residence in La Jolla, CA $650,000 refinance of an entitled lot in coastal Oceanside, on which three luxury condominiums will be constructed $4,800,000 construction loan to build six high-end condominiums in Carlsbad, CA $500,000 loan on a personal residence for investment in a commercial transaction $340,000 loan to a family estate to protect their home from foreclosure $600,000 equity investment in multifamily repositioning property $500,000 loan on investment property in La Jolla, CA $740,000 loan on investment property in Rancho Santa Fe, CA 2018 – Total Fundings: $23,255,000 $745,000 loan on investment property in Rancho Santa Fe, CA $400,000 refinance for investment property in Ocean Beach, CA $2,500,000 refinance of single-family residence in La Jolla, CA $900,000 purchase loan for investment property in Poway, CA $1,300,000 refinance of investment property in Point Loma, CA $100,000 equity participation in a multifamily repositioning project $4,300,000 loan to build a 7,400sf spec home in Rancho Santa Fe, CA $200,000 loan to purchase and renovate a single-family residence in San Diego, CA $3,220,000 purchase loan for a new residence in San Diego, CA $540,000 bridge loan to facilitate the purchase of a new residence in Poway, CA $1,950,000 construction loan to build three townhomes in North Park, CA $450,000 equity investment in multifamily repositioning project in Granbury, TX $600,000 loan to fund business expansion in Orange County, CA $300,000 cash-out loan to continue funding a development project in Rancho Santa Fe, CA $175,000 loan to settle a family estate in Los Angeles, CA $1,200,000 acquisition loan for property in Rancho Santa Fe, CA, on which a spec home will be constructed $1,500,000 loan to complete construction on a residence in Del Mar, CA $1,400,000 loan using multiple properties in La Jolla, CA as collateral to finance continued business expansion $175,000 loan for business purposes, in Bonita, CA $150,000 loan to settle a probate $570,000 bridge loan to facilitate the purchase of a new residence $600,000 loan to settle business disputes 2017 – Total Fundings: $30,665,000 $320,000 loan to purchase a development property in San Diego, CA $1,300,000 refinance of a residential subdivision in Oceanside, CA $3,375,000 loan to purchase a commercial property in San Diego, CA $200,000 loan to purchase a development site in San Diego, CA $300,000 loan to fund the growth of the borrower's business. $350,000 loan to purchase a residential lot in Rancho Santa Fe, CA $240,000 loan to finance soft costs for a multifamily development project in North Park, CA $1,000,000 equity investment to partner on construction and sale of two residential units in San Diego, CA $1,300,000 loan to settle a family estate partition in Rancho Santa Fe, CA $500,000 Line of Credit in Rancho Santa Fe, CA $525,000 bridge loan to purchase a new owner-occupied residence in Encinitas, CA $1,300,000 loan to purchase an investment asset in Solana Beach, CA $3,375,000 loan to purchase a commercial property in San Diego, CA $1,600,000 loan to purchase and renovate SFR in Point Loma, CA $1,500,000 loan to construct four apartment units in Old Town (SD), CA $500,000 construction loan in Dana Point, CA $3,500,000 loan to build two spec homes in La Jolla, CA $2,450,000 loan to build six townhomes in North Park, CA $330,000 loan to purchase a home for renovation in San Diego, CA $1,300,000 loan to design a custom home in Rancho Santa Fe, CA $4,400,000 bridge loan to purchase a home in Rancho Santa Fe, CA 2016 - Total Fundings: $20,820,000 $550,000 purchase loan for development, Mission Bay, CA $500,000 loan to purchase investment property in Carlsbad, CA $1,300,000 construction loan, Encinitas, CA $950,000 construction loan to complete a residence in Dana Point, CA $1,500,000 construction loan to build apartment project, San Diego, CA $650,000 refinance, residential property, Del Mar, CA $1,800,000 "fix and flip" loan, La Jolla, CA $1,400,000 loan on commercial property, San Diego, CA $775,000 purchase loan, Encinitas, CA $1,800,000 construction loan, Rancho Santa Fe, CA $375,000 refinance to settle family estate, San Diego, CA $800,000 purchase loan, San Diego, CA $300,000 purchase loan, Point Loma, CA $600,000 purchase loan, Pacific Beach, CA $260,000 purchase loan, Encinitas, CA $360,000 refinance, San Diego, CA $1,300,000 refinance, Point Loma, CA $800,000 purchase loan, San Diego, CA $3,800,000 purchase loan, Corona Del Mar, CA $400,000 refinance, La Mesa, CA $600,000 purchase loan, Pacific Beach, CA 2015 - Total Fundings: $24,675,000 $1,800,000 construction loan, Rancho Santa Fe, CA $500,000 construction loan, La Jolla, CA $400,000 purchase loan for renovation property, Solana Beach, CA $795,000 purchase loan, investment property, San Diego, CA $1,000,000 construction loan, Rancho Santa Fe, CA $2,600,000 commercial purchase loan, Los Angeles, CA $795,000 residential purchase loan, San Diego, CA $200,000 residential renovation loan in San Diego, CA $360,000 residential renovation loan in Monterey, CA $450,000 residential purchase loan in Rancho Santa Fe, CA $685,000 refinance of investment property in La Jolla, CA $600,000 residential purchase loan in San Diego, CA $100,000 residential renovation loan in San Diego, CA $2,200,000 purchase and construction loan for three spec residences in Pacific Beach, CA $1,850,000 purchase and construction loan for a spec home in Rancho Santa Fe, CA $1,000,000 purchase and construction loan for two spec residences in North Park, CA $1,000,000 refinance of commercial property in San Diego, CA $1.4m purchase loan for pending construction of four spec residences in Carlsbad, CA $500,000 construction loan for spec home in Del Mar, CA $350,000 cash out refinance, La Jolla, CA $1,250,000 refinance of commercial property in Carlsbad, CA $350,000 purchase loan for pending new construction project in North Park, CA $3,700,000 construction completion loan in Palos Verdes, CA $500,000 purchase loan for renovation project, Elfin Forest, CA 2014 – Total Fundings: $25,780,000 $1,150,000 loan to purchase property for construction of three spec residential units in Cardiff by the Sea, CA $1,000,000 Line of Credit loan on vacant lot in Beverly Hills, CA $1,850,000 purchase and construction loan to remodel custom home in Del Mar, CA $520,000 refinance of commercial building in Oceanside, CA $2,800,000 loan to purchase property on which six spec residential units will be constructed in Coronado, CA $368,000 loan to purchase and refurbish home in San Diego, CA $1,100,000 construction loan to build four spec homes in Imperial Beach (San Diego), CA $2,800,000 construction loan to build six spec homes in Pacific Beach, CA $2,000,000 business loan using residential property in Laguna Beach, CA as collateral $500,000 cash-out refinance of commercial property in San Diego, CA $1,630,000 construction loan to build four spec homes in Point Loma, CA $500,000 cash-out refinance on commercial property (fast food restaurant) in San Diego, CA $1,100,000 construction loan to build two spec homes in San Diego, CA $1,000,00 construction loan to build spec home in Point Loma, CA $1,650,000 construction loan to build two spec homes in La Costa, CA $500,000 cash-out refinance on residential property in Santaluz, east of Rancho Santa Fe, CA $400,000 construction loan to build modular home in Bonsall, CA $2,100,000 construction loan to build six residences in La Mesa, CA $2,200,000 loan to purchase four finished lots in Rancho Santa Fe, CA $1,400,000 loan to purchase a commercial property in San Diego, CA $1,320,000 construction loan to build two row homes in Pacific Beach, CA $800,000 loan to purchase a single family home in Pacific Beach, CA $550,000 cash out refinance of two finished lots in Point Loma, CA 2013 – Total Fundings: $15,935,000 $1,000,000 loan to purchase commercial office building in Carlsbad, CA $195,000 loan to purchase "fix and flip" property in Escondido, CA $380,000 loan to purchase vacant lot in Ocean Beach, CA, intended for new construction $300,000 refinance on residential property in Coronado, CA $380,000 refinance on residential property in Encinitas, CA $110,000 refinance on residential property in Ramona, CA $350,000 purchase loan for primary residence in Cardiff, CA $260,000 cash out refinance on residential property near Santa Barbara, CA $350,000 construction loan for spec home in San Diego, CA $165,000 purchase loan for investment property in La Jolla, CA $180,000 cash out refinance of investment property in Carlsbad, CA $1,800,000 construction loan for three spec homes in Pacific Beach, CA $1,800,000 construction loan for spec residential project in Coronado, CA $200,000 cash out refinance on residential property in Carlsbad, CA $2,800,000 purchase loan in Carlsbad, CA $360,000 lot loan in Monterey, CA $3,400,000 commercial construction loan in Poway, CA $150,000 purchase loan for residential property in San Diego, CA $1,000,000 refinance of residence in San Diego, CA $225,000 bridge loan on commercial office condo in Coronado, CA $300,000 loan on vacant lot in Coronado, CA to build spec custom home $230,000 loan to purchase lot in San Diego to build multiple condominiums $150,000 loan on client's residence to expand business operations 2012 - Total Fundings: $11,450,000 $3,300,000 refinance of single family residence in San Diego, CA $1,400,000 construction loan for single family residence in Solana Beach, CA $700,000 construction loan for single family residence in Rancho Santa Fe, CA $900,000 construction loan for single family residence in Rancho Santa Fe, CA $1,000,000 purchase loan for primary residence in San Diego, CA $1,000,000 cash-out refinance of two franchise fast-food locations in CA $350,000 construction loan in Carlsbad, CA $600,000 loan to purchase residential lot in Solana Beach, CA $400,000 loan to purchase residential lot in Rancho Santa Fe, CA $900,000 construction loan for single family residence in Rancho Santa Fe, CA $300,000 loan to purchase primary residence in Carlsbad, CA 2011 – Total Fundings: $19,690,000 $6.2m refinance of primary residence in Rancho Santa Fe, CA. $1.5m cash-out refinance for investment property in Del Mar, CA. $3.3m purchase loan for single family residence in Malibu, CA. $800,000 construction-completion loan for single family home in Encinitas, CA. $850,000 purchase loan for owner-occupied residence in Encinitas, CA. $240,000 construction-completion loan in Los Angeles, CA. $500,000 purchase loan on a single family residence in the gated community of Santaluz, just east of Rancho Santa Fe, CA. $1,560,000 construction-to-permanent loan for single family residence in San Diego, CA. $350,000 construction-completion loan for spec home in Point Loma, CA. $1,000,000 Line of Credit secured by client’s business Accounts Receivable in Orange County, CA. $125,000 Transactional loan secured by client’s invoices to major customer. $300,000 term loan for client’s business purposes, secured by borrower’s primary residence in La Jolla, CA. $2,100,000 purchase loan for client’s personal residence in San Diego, CA. $865,000 purchase loan of property in Solana Beach, CA. Structure will be demolished and new residence will be built on the site. We also assisted in sourcing construction financing for this client. 2010 – Total Fundings: $5,580,000 $350,000 refinance of client’s residence in Fallbrook, CA. $500,000 construction-completion loan for client’s second home in Maui, Hawaii. $1,000,000 Line of Credit for purchase and rehab of distressed real estate in San Diego, CA. $350,000 loan secured by two residential lots in San Diego, CA. $280,000 construction-completion loan for residence in Rancho Santa Fe, CA. $1,000,000 refinance of commercial property in Orange County, CA. $1,300,000 acquisition and construction loan of For Sale residential property in La Jolla, CA. $800,000 refinance of residential property in Rancho Santa Fe, CA. 2009 – Total Fundings: $3,150,000 $400,000 Line of Credit for purchase and rehab of distressed properties in San Diego, CA. $350,000 construction-completion loan for property in Olivenhain, CA. $2,400,000 construction loan for estate property in Rancho Santa Fe, CA. 2008 Miscellaneous small loans of various types 2007 – Total Fundings: $2,800,000 $900,000 construction-completion loan on For Sale property in Solana Beach, CA. $1,000,000 construction-completion loan on residential property in Dana Point, CA. $300,000 construction-completion loan in Olivenhain, CA. $600,000 equity loan on industrial property in El Cajon, CA. 2006 – Total Fundings: $2,840,000 $300,000 loan on residential property in Sunset Beach, CA. $240,000 construction-completion loan on For Sale multi-family property in Point Loma, CA. $200,000 construction-completion loan on residential property in Rancho Santa Fe, CA. $2,100,000 loan on multi-family construction project in San Diego, CA. 2005 – Total Fundings: $4,110,000 $360,000 loan on 5-unit multi-family construction project in San Diego,CA. $600,000 loan on unimproved lots in San Diego, CA. $1,100,000 loan on 16-unit multi-family construction project in San Diego, CA. $1,000,000 loan on 10-unit multi-family construction project in San Diego, CA. $350,000 loan on 4-unit multi-family construction project in Hillcrest, CA. $350,000 loan on 4-unit multi-family construction project in Hillcrest, CA. $350,000 loan on 4-unit multi-family construction project in Hillcrest, CA. Examples of Funded Projects: Rancho Santa Fe, CA Del Mar, CA La Jolla, CA Pacific Beach, CA La Jolla, CA Rancho Sante Fe, CA Point Loma, CA Point Loma, CA Pacific Beach, CA La Mesa, CA Point Loma, CA San Diego, CA Coronado, CA Pacific Beach, CA La Jolla, CA Rancho Sante Fe, CA Solana Beach, CA Carlsbad, CA Client Testimonials "Dear Jim, I wanted to take this opportunity to thank you for helping me place a bridge loan to buy my new home. It would not have been possible without your help. While my other property was in a long and complicated escrow, I had a strong possibility of loosing the new home and my escrow deposit. With your persistence and guidance you made me comfortable by explaining the process while staying ready as you knew my escrow could have closed at any time. Due to your professionalism and trust, you won the loan and helped me out of a stressful situation. Barbara was terrific with the processing and documentation. You and your team made this easy and seamless. I would not hesitate to refer you and your team or utilize your services again. Thank you again." Dwayne K., San Diego, CA "I met Jim while in the midst of working to close a complex real estate deal in Rancho Santa Fe. Jim was a consummate professional from the time we met till the close of the deal and beyond. He provided guidance to navigate the deal, was successful in connecting me with a lender and made it a point to make the personal connection between me and the lender. Since the close of the deal, Jim has taken a genuine interest in the project. He continues to follow up with me and my team on the status of the project. Jim has gone out of his way to make introductions to subcontractors, personally check in on the job, and help in any way he can. To say it's been a pleasure to work with Jim would be an understatement. I have no reservations whatsoever about recommending him." T. Van Damm, Rancho Santa Fe, CA "Jim, I wanted to thank you for your tireless efforts on behalf of Radio Tower View, LLC. You have successfully and efficiently handled all of the companies' needs in connection with real estate development and construction financing. The financing arranged by you has been both timely and competitive. I am especially appreciative of all the post-financing follow up, including negotiation and consummation of modifications and extensions as needed. Because I value integrity most of all, I would highly recommend you to anyone seeking real estate financing, whether for land acquisition, development, construction or otherwise." S. McKinley, Rancho Santa Fe, CA "I started working with Jim two years ago as an investor. I make my decisions very carefully, since my hard-earned money took many years and extraordinary effort to accumulate. Jim has brought me seven deals to invest in and all have performed exceptionally well. All properties that I have loaned against are prized possessions of the owners and we have never had any issues of delinquencies or default. Working with Jim and his team has been very professional, which is very important to me. In a nutshell, working with Jim and his team has been very satisfying." E. Larson, Encinitas, CA "We would like to thank Jim for all his hard work with the refinance of our home. We really thought we had run out of options until he came along with his experience and knowledge. Jim had all the different resources available to help us and we are just so thankful!" Mike and Gayle M. "I was referred to Jim by a trusted financial advisor in the hope that he could provide a fast, short term loan using our La Jolla investment property as collateral. Jim did not disappoint; in fact, our loan of nearly $700,000 closed in less than two weeks, which allowed us to meet a very tight deadline. A special thanks to Jim's associate, Barbara, who was equally responsive! I would highly recommend Jim and his services." G. O. La Jolla, CA "I have been doing loans with Jim Lackey for several years now...and it is always a pleasure to work with Jim. He is thorough, ethical, prompt and meticulous in his preparation and completion of the loans he brings to me. I have been doing hard money loans for 32 years...using several different brokers...however, my "go to guy" is Jim Lackey." R. Horn, Cardiff, CA "I have rarely found anyone who can deliver as promised like Jim. Jim's ability to connect to the right sources and creativeness to find the right products for my needs has been outstanding! Thank you for the many wonderful years of service!" G. Goertzen, Carlsbad, CA "Jim is a high integrity professional. I've referred him to several business associates and they all speak highly of their experience working with him." M. Julien, Solana Beach, CA "Jim is extremely knowledgeable, has integrity, & specializes in privately financed construction. Jim's funded projects, truly speak for themselves, they are nothing short of stunning upon completion. He is a veteran in the business & goes the extra mile for all of his clients & associates included. You couldn't be in better hands than with Jim during the whole financing process." S. Fox, San Diego, CA "A group of investors and I purchased a property to renovate and sell for a short term project in North County San Diego. Jim provided funding exactly as he had communicated it would happen. Long story short, we bought the property in December 2013 and sold in April 2014, almost exactly 120 days! Jim is on the top of my list for private money lending." M. Lisak, Encinitas, CA "Dear Jim, we are so appreciative of your help and support in securing our loan this past year. It has been a nice transition for our family. Our children are happy and we are enjoying the many great things that this beautiful area has to offer. You had had a big part in making it all happen! Thank you for always being so kind, supportive and helpful. Most Sincerely," J. Jones, Cardiff, CA "Jim, what can I say but, 'Wow.' You did everything you promised and in just two weeks you delivered on our refi, which just closed yesterday. You (and Barbara) were simply a pleasure to work with and I will recommend you to everyone I know. Thank you so much for your help and professionalism, Jim. We really appreciate what you were able to do for us." R. Romano, Coronado, CA "Dear Jim: I just wanted to say THANK YOU for your professional efforts on my loan. As you promised, the funds were wired into my account earlier today. You and Barbara Ciullo did a great job on every aspect of my loan, without prolonged delays, unnecessary paper work, or painful excuses. Thank you, again, and I will be sure to recommend you to my clients and my friends." L. Scarpacci, Goleta, CA "In building our new home, we intended to use all cash and to not encumber the new property. We bought the lot and were far along in the construction of the home and discovered that a technicality would prevent our increasing an existing line of credit on our present home, anticipating using those funds to complete the new-home project. An associate recommended Jim as an alternative source of funds. Jim went to work immediately after our first meeting and worked out a loan for us which closed in less than two weeks. We got exactly what we needed in a most friendly and efficient process, and would gladly recommend Jim's services for any such transaction." Myron M, San Diego, CA "Aloha, Jim. This is a large THANK YOU for your help in getting a loan on the house in Pineapple Hill and the quick response in obtaining the signatures for the payoff to escrow. If you ever need a recommendation or testimonial let me know. Mahalo." P. Warren, Maui, Hawaii "Jim, we will be signing loan docs tomorrow; how long after that do we get the keys to our new home? My family can't thank you enough! After all the false starts we had with multiple banks and mortgage brokers, we thought for sure our dream of buying this home was dead. Now, my wife is actually in shock that this is really going to happen. I really can't put into words the joy my family is feeling right now thanks to your expertise and expert handling of this loan. The housewarming party will be a blast and we hope you can join us!" R. Farajollahi, San Diego, CA "PrideCo Secured Loan Fund is a $25mm asset-based lending fund located in Oakland, CA. We have business and real estate loans all across the United States. But without question, the best loans we have done, the best service we've received from a broker, and the best access to local deal flow has been with Jim Lackey. We employ three full-time underwriters and everyone would agree that loans that are originated by Jim are consistently high quality and ready-to-fund. It is a joke of ours that the best real estate loans we've made in the last 2 years, and this is because of Jim, have been in Southern California - considered one of the epicenters of the real estate meltdown. I would, without hesitation, recommend Jim Lackey to any investor." B. Small, Oakland, CA "I had been trying for months to secure financing for the construction of my new home, but without success. Jim was referred to me by a family friend, he got involved immediately and got things done, involving himself in every aspect of the process and coordinating a group of three private lending sources to get my loan funded and construction started. He was very responsive to phone calls and emails and because of his experience in the market place, confidently guided my wife and me through the many issues that always come up involving transactions such as ours. I would highly recommend Jim's services." B. Jordan, Rancho Santa Fe, CA "I have known Jim for nearly 20 years. I have invested with him and found the transactions to be straightforward and very profitable; in fact, our loan actually paid off earlier than expected so I received a higher ROI then was initially indicated. How often can one say that about investments they have made over the last few years?" C. Fitch, Encinitas, CA "I've known Jim personally for over 13 years and have worked with him on various business transactions over the past 4 years. Jim has presented all of the facts and risks, and has continually communicated with me in a very professional, timely manner. Jim's results have exceeded my expectations, and we've even remained good friends, which show that you can mix business with friendship. I would highly recommend Jim to anybody who is looking for a good investment or who is in need of a loan." R. Wilson, San Diego, CA "Thank you for helping us get financing on our most recent loan...and the two prior ones! You are well-connected and it always surprises us when we find out how many mutual business friends we have in common. You are thorough and get the job done. Since we are self-employed (even with perfect credit and a great income) we find it difficult, if not impossible, getting traditional financing. You always seem to find an investor who is a good fit for our needs. It is nice to know that your service exists...we look forward to working with you again in the future." G. Jones, Olivenhain, CA "I am a local business owner who over the past 30 years has had the opportunity to develop real estate to support my core business and to invest in many varieties of real estate related investments. I am a conservative investor. I have known Jim Lackey for six years and recently agreed to become a lender for a secured real estate development project Jim was engaged to fund for the borrower. Jim, as the loan originator, has been very impressive to work with. The due diligence process Jim supported with the various lenders involved in this project was impressive. In the end, the borrower, lenders and Jim had a very clear understanding of the terms of the loan, risks involved and level of security that was conservatively stated. While my first investment with Jim has not yet gone full cycle, the level of comfort and professionalism exhibited has been impressive. I look forward to a long and mutually-beneficial relationship with Jim and his company." M. Fischer, Rancho Santa Fe, CA "While I have completed just one transaction with Jim, it was very successful and performed as expected. I will strongly consider investing with Jim on other deals in the future." T. Arnett, San Diego, CA "I have known Jim and worked closely with him for about 8 years. Jim is what every Broker should be...honest, ethical, thorough in his evaluation of every project and responsive. At any time, even after a project is completed, Jim always calls back. My return on real estate investments that Jim originated have been well above today's average returns. I will continue to work with Jim whenever the opportunity presents itself. Maybe most important of all, Jim is the ONLY Broker I know that does everything within his power to minimize the investor's risk. As someone who has invested with numerous Broker projects, that is a VERY rare commodity." J. Morehouse, San Diego, CA "Having recently completed the funding of a construction project for one of Jim Lackey's clients, I am very impressed with Jim's knowledge and professionalism in handling the transaction. Jim knows his clients, the project and how to structure the transaction so that all the parties reach their objectives. I look forward to my next transaction with Jim's company." J. Paeske, San Diego, CA "In the current economic environment, it is increasingly difficult to find double-digit return investments that have a high margin of safety. One of the advantages of working with Jim is that he underwrites all his private loans with a keen eye towards protecting investors' principal. Jim consistently delivers attractive deals and provides excellent customer service. I highly recommend him." C. D'Agostino, Jr. San Diego, CA "This is my first experience doing business with Jim -- rest assured it won't be my last! Jim was able to provide me with the funding I needed to complete renovations on a project which, despite my excellent credit, traditional lenders would not touch. Jim's help has made the completion of my dream home a reality!" K. Dammeyer, San Diego, CA

Jim Lackey is a licensed real estate broker, CalDRE # 01457183, NMLS # 277266.

Private Real Estate Loans facilitated by Jim Lackey Associates:

Examples of Funded Projects: