Toll Free - 888.800.1241

Restaurant - $330,000

  • Loan Amount: $330,000
  • Property Type: Restaurant
  • Originator: Shawn Harris
  • Interest Rate: 8.00%
  • Location: Pacific Beach, CA

In this transaction San Diego Commercial & Business Financing was able to facilitate the refinance of this local Pacific Beach Restaurant.  The client had their note due from their existing lender and because of a change of ownership of the buisiness they needed to facilitate a short term bridge loan.  We were able to close this loan in under two weeks for our client.  We have prepared this client to apply for an SBA loan in the next 8 months so for the take out loan. 

LTV:      65%
Term:    3 Year Balloon Loan, Interest Only
Rate:     8.00%
Prepay:  None

The transaction was funded by Sr. Vice President Shawn Harris.

Shawn Harris has been active in the Commercial Real Estate community in San Diego for over ten years. At CTM Financial Services where he was the President he oversaw the funding of both commercial and residential real estate loans. As a branch manager of Stearns Lending, the largest privately held non-depository mortgage bank in California, he independently operated his own Mortgage Bank, catering to again to both the commercial and residential community.

For the past three years Shawn has focused solely upon the needs of his Commercial Real Estate clients and partners and is the founding partner of San Diego Commercial & Business Services.  By leaving the banking world he believe he can better serve his clients by offering a FULL product offering of loan services.

Please see his LinkedIn profile HERE.

Shawn specializes in finding A+ quality loan products for clients and properties that have trouble finding the appropriate loan placing.  He has successfully placed loans across all asset classes, including multi-family properties, office buildings, retail properties, gas stations, mobile home parks, restaurants, bars, self storage facilities, and auto shops.