Loan Amount: $2,150,000
Property Type: Office Building
Originator: Sam Petros
Interest Rate: 5.80%
Location: Mira Mesa, CA
In this transaction San Diego Commercial & Business Financing was able to finance a very unique property. Located in Mira Mesa in a mix of light industrial and retail space, this property was a light industrial building housing a restaurant AND an ethnic indian grocery store.
LTV: 70%
Term: 5 year fixed, due in 10 years, amortized over 25 years
Rate: 5.80%
Prepay: 3,2,1
San Diego Commercial & Business Financing is proud to present the funding of this unique mixed use Restaurant and Grocery store. This client had been declined by numerous investors before coming to us. No other lenders were able or willing to lend to this light industrial building because the occupants were both specific use tenants, a restaurant and a grocery store.
This loan was funded by Commercial Loan Officer Sam Petros.