MULTI-FAMILY LOAN – $1,200,000

Loan Amount: $1,200,000
Property Type: Multi Family
Originator: Shawn Harris
Location: San Diego, CA

In this transaction we were able to facilitate the refinance of two four unit multi-family residential properties that we were able to cover with a true multi-family loan.

LTV: 75%

Term: 5 year fixed amortized over 30 years

Rate: 3.46%

Prepay: 5,4,3,2,1

San Diego Commercial & Business Financing is proud to present this Pacific Beach property. Subject property was self managed and was suffering from substantial under-market rents. Despite this were able to maximize the financing to allow cash out to simultaneously refinance a separate property for the same client. . The transaction was funded by Sr. Vice President Shawn Harris.