So-Cal light industrial business park development

  • Loan Amount * $1,200,000
  • Collateral Valuation: * $4,630,000
  • Term * 18 months, IO

A third partner to a couple other loans we have in this development owned his lot and wanted to construction a building. We like to work with repeat clients and that is reciprocated in that our clients trust us and know we perform. The loan will either be paid off thru a sale or refinance into long term financing once a tenant is in place.

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