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Restaurant - $540,000

  • Loan Amount: $540,000
  • Property Type: Restaurant
  • Originator: Shawn Harris
  • Interest Rate: 5.40
  • Location: Roseburg, OR

In this transaction San Diego Commercial & Business Financing was able to facilitate the refinance of this dual branded KFC / Long John Silvers drive through restaurant located in the small town of Roseburg, Oregon.  Our client inherited the property through an estate.  We negotiated an amended lease with the current tenant.  We additionally negotiated a permanent easement in favor of our client to facilitate this loan closing. 

LTV:      70%
Term:    10 year fixed term, amortized over 25 years
Rate:     5.40%
Prepay:  Step Down

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.