Two Buildings in Downtown Pittsburg, CA

  • LoanĀ Amount* $725,000
  • Collateral Valuation: * $1,745,000
  • Term * 36 months, First Lien, IO
  • Rate * 9.25%

Our borrower needed to pay off a prior lender whose personal entanglement was complicating their commercial real estate ownership. We were glad to simplify life while our borrower works on a bank refinance or property sale within our term.

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