In this transaction San Diego Commercial & Business Services was able to facilitate the refinance of a single tenant light industrial building.
Term: 5 year fixed, amortized over 30 years
Prepay: Step Down
San Diego Commercial & Business Financing is proud to present the funding of this single tenant light industrial building. The client was unable to procure financing through tradiitonal means as the tenant had a short term lease. The tenant was also paying a substantially higher than market rent which effected the marketability of the transaction. Additional SDCBF was able to negotiate a reduction of the existing lenders prepayment penalty to help facilitate that closing of the loan 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.