Loan Amount: $1,000,000
Property Type: Hotel Building
Originator: Sam Petros
Location: El Centro, CA
In this transaction San Diego Commercial & Business Financing was able to facilitate the purchase of this well managed and well run Office Building in Kearny Mesa. We were able to deliver our loan at WELL below market rates at the time because of the quality of the property and the quality of the client.
LTV: 65%
Term: 3 Year fixed term amortized over 35 years
Rate: 4.75%
Prepay: Step Down