In this transaction we were able to facilitate the refinance of a beautiful Multi-Family property located on the coast in Carlsbad, CA.
LTV: 57%
Term: 10 year fixed term amortized over 30 years
Rate: 4.07%
Prepay: Modified Yield Maintenance
San Diego Commercial & Business Financing is proud to present the funding of this multi-family / apartment loan. The subject property was owned free and clear and we facilitated a cash out transaction to fund for our clients estate planning needs. The transaction was closed in under 30 days, which is almost unheard of for a Fannie Mae DUS loan. The transaction was funded by Sr. Vice President Shawn Harris.