HOTEL LOAN – $2,200,000 – PACIFIC BEACH, CA

Loan Amount: $2,200,000
Property Type: Hotel Building
Originator: Shawn Harris
Interest Rate: 4.45%
Location: Pacific Beach, CA

In this transaction San Diego Commercial & Business Financing was able to facilitate the refinance of this well managed and Hotel in Pacific Beach, CA. The property was a non-flagged, boutique hotel. 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: 50%

Term: 10 year fixed term, amortized over 25 years

Rate: 4.45%

Prepay: Yield Maintenance

San Diego Commercial & Business Financing is proud to present the funding of this high quality Hotel building. We were able to deliver a well below market rate for this transaction.

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.