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Retail Building Loan - $1,700,000

In this transaction we were able to facilitate the complicated refinance of a National City mixed use office/retail property.  We were able to also facilitate the payoff of a long term equipment lease into the subject property, and negotiate the forgiveness of multiple aged UCC filings. 

LTV:      80%
Term:    10 Year Fixed amortized over 20 years
Rate:     4.50%
Prepay:  Modified Yield Maintenance

San Diego Commercial & Business Financing is proud to present the funding of our largest transaction to date.  The subject property is located in the affluent community of Carmel Valley.  Property included approximately 40,000 square feet of high end medical office space plus additional parking structure. 

The transaction was funded by Sr. Vice President Sam Petros.