LAND LOAN – $5,700,000

Loan Amount: $5,700,000
Property Type: Land Agricultural
Originator: Shawn Harris
Location: North County San Diego

In this transaction San Diego Commercial & Business Financing was to facilitate the refinance of over 20 separate parcels of land and agricultural property. payoff of a minor ownership percentage of the subject property. We were able to allow for a modest amount of cash out in the face of numerous financial issues.

LTV: 65%

Term: 5 year fixed, amortized over 30 years

Rate: 5.68

Prepay: 5,4,3,2,1

San Diego Commercial & Business Financing is proud to present the funding of a large portfolio of residential and agricultural land located in the Northern San Diego County and Southern Riverside County area. These were separate parcels and separate loan fundings, over the course of approximately 6 months. These transactions were funded by Sr. Vice President Shawn Harris, assisted by BDO Gary Davis.

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.