Two Silicon Valley trophy homes, one $12,000,000 cross-collateralized loan
The deal in one paragraph: A buyer wanted two trophy homes in Silicon Valley at the same time and did not want to sell stock to pay for them. I arranged a single $12,000,000 purchase loan secured by both homes together, at 65% loan-to-value across the pair, on a one-year term. It funded 20 days after the application. The plan is to renovate the investment home and sell it inside the term, and the sale repays the loan.
The deal | Details |
Properties | Two trophy single-family homes, Silicon Valley, California |
Loan | $12,000,000 purchase |
Structure | Cross-collateralized: one loan secured by both homes |
Loan-to-value | 65% across the pair |
Term | One year |
Exit | Renovate and sell the investment home within the term |
Application to funding | 20 days |
Closed | 2026 |
Buying more than one property?
One loan can be secured by more than one property, with loan-to-value measured across all of them together. Call me directly, and you'll typically know within 12 to 24 hours whether I can structure it.
The buyer wanted to keep the stock
The borrower could have sold stock to raise the cash for two homes. Selling would have triggered capital gains, so the borrower chose not to.
That changed the question. It was no longer how to fund the purchase. It was how much of the purchase the two properties could carry on their own, so the stock could stay where it was. The borrower needed as much leverage as the deal would support.
Why a bank wasn't the answer
A bank sizes a mortgage against one house and against the borrower's income and debt ratios. Two purchases at once, financed to the limit of what the real estate supports, so the borrower doesn't have to sell assets to fund the down payment, is not the file a bank is set up for.
I underwrite the property, the equity and the exit. Here that meant two trophy homes, the combined value behind the loan, and a plan to renovate and sell. That is a file I can make a decision on.
How cross-collateralization made it work
A cross-collateralized loan is one loan secured by more than one property. Instead of two separate loans, each sized against one house, the lender looks at the two properties as a single pool of security.
On this deal, that did two things for the buyer.
One loan bought both homes. There was one application, one underwriting decision and one closing, not two files moving on two timelines.
Leverage was measured across the pair. The 65% loan-to-value was figured on the combined value of both homes. That is how the borrower got to the leverage the purchase needed while keeping the stock position intact.
Typical loan-to-value on the loans I arrange runs up to 65%, higher case by case. This loan sat at that line, across two properties, on a purchase.
The plan for the year
The term is one year, and the exit is built into it. The borrower renovates the investment home and sells it within the term, and the sale pays the loan off.
These are trophy properties: one-of-a-kind character, top-tier finish, and a narrow pool of buyers who know exactly what they're looking at. Renovation at this level is about getting the home to the standard that buyer expects. I wrote about this part of the market in my piece on Silicon Valley's most exclusive estates, and the trophy property financing page explains how I value homes that have no real comparable sales.
Two purchases, one closing, 20 days
The loan funded 20 days after the application. Most loans I arrange fund in 5 to 21 days, with pre-approval typically inside 12 to 24 hours, and this one came in within that range while carrying two properties instead of one.
If you are buying more than one property, or you own one property with equity that could help you buy another, a cross-collateralized structure is worth a conversation. You can see other closed loans on my recently funded page.
What happens when you call
It goes straight to me. There is no intake team and no queue.
Tell me what you're buying, what you already own, and how the loan gets repaid. I will tell you on that call whether it is something I can structure. I arrange business-purpose loans from $250,000 to $50,000,000+ on California property, and from $1,000,000 in Hawaii, Oregon, Washington, Colorado, Utah, Wyoming, Montana, Texas, Florida and New York. Pricing is quoted per transaction.
Call or text 415-508-3834
Kevin Green · Licensed in California real estate since 1998 · CA DRE Broker #01241542 · NMLS #1130752
You can verify both licenses yourself: California DRE license lookup · NMLS Consumer Access.
Questions that come up
What is a cross-collateralized loan? One loan secured by two or more properties. The lender treats the properties as a single pool of security, so loan-to-value is measured across all of them together.
Can one loan finance two purchases at the same time? Yes. On this deal, one $12,000,000 loan bought two Silicon Valley trophy homes, with one underwriting decision and one closing.
How is loan-to-value figured when two properties secure one loan? On the combined value of the properties. This loan was 65% of the value of both homes taken together.
Can you finance a purchase where the plan is to renovate and sell? Yes. The exit on this loan is the sale, inside a one-year term.
Tell me what you're buying
I arrange business-purpose loans from $250,000 to $50,000,000+ on California property. Pre-approval typically takes 12 to 24 hours, and funding typically takes 5 to 21 days.
Business-purpose financing only. Not available for owner-occupied consumer transactions.
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