Second Angel Bancorp

Second Angel Bancorp ("SAB") is a Fair Oaks, California based private mortgage bank and direct lender licensed by the State of California Department of Real Estate and the California Department of Corporations. (License No. 607-2066)

The Firm arranges and makes loans on commercial, industrial and residential real property. Second Angel evolved from SAV group, a Turnaround Management firm founded in 2001 that rescued failed businesses. Second Angel uses the same skills and approach used to renew troubled companies to extend financing to borrowers who are unable to access capital from institutional lenders. It has provided over $200 million in loan originations since its inception.

SAB is acknowledged by the institutional lending community and has established warehouse, correspondent and conduit relations with some of the largest institutional investors in the US, as well as a significant number of lenders and investors specializing in challenging and time constrained loan situations. Second Angel lends its own funds. It also participates with other lenders and investors, lending or investing in a portion of larger transactions. Clients include, venture funds, builders, developers, business owners and investors.

Mortgage Loans and Investments

SAB's primary business is the origination of loans for real estate acquisition, development, construction and improvements in California and Western States. Most loans originated by SAB are secured with First Trust Deeds on real property. Borrowers seek loans from SAB because of SAB because of SAB's capability of rapidly funding the transaction that banks and institutional lenders are unable to complete. Investors enjoy soli, high returns coupled with risk mitigated by conservative loan-to-value ratios, thorough analysis of each loan prior to funding and strong documentation that protect lender's interest. 

Commercial loan transactions range from $250,000 to $20 million, with properties including schools: pre-entitled land; office buildings and residential subdivisions.

SAB typically originates loans for twelve months, with interest rates varying between 11 to 14 percent. Loans often include 6-12 months pre-paid interest.

SAB principles personally inspect each property prior to committing to a loan. Each principle participates in the risk of each loan by investing his personal funds in each loan.

Second Angel Fund I, LLC

SAB manages Second Angel Fund I, LLC, a $300 million closed-end mortgage fund. The fund is comprised of the principles' personal investment dollars, together with those of family, friends and other qualified California and international investors.

SAFI, LLC is also a licensed lender, regulated by the California Department of Corporations (License No. 607-2568)

This material does not constitute an offer and is authorized only for use when accompanied or preceded by the Second Angel Fund I, llc offering circular. California Department of Corporations Finance Lender License No. 607-2528. The information set forth herein is qualified in its entirety by the offering circular and its supplements. The offering circular contains detailed information including risks, charges and expenses. Investors must meet suitability requirements as stated in the offering circular. This represents an investment in a limited liability company. These securities are being offered and sold pursuant to Permit No. 506-3198 granted by the California Commissioner of Corporations. The Commissioner does recommend or endorse the purchase of these securities, nor has the Commissioner passed upon the accuracy of the information set forth in the offering circular.

Call us at (916) 863-7300

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