- Loan Amount * $2,250,000
- Collateral Valuation: * $3,900,000+
- Term * 12 months, First Lien, IO
A lifelong resident of San Francisco, who had a lot of real estate wanted to borrow as much towards the purchase price as he could. Getting creative, we were able to encumber another property the borrower owned and 100% financing the purchase of this lounge. This was a sale-lease back with a very strong tenant. Our borrower will either pay us off with a local financial institution or once other assets become liquid.