In this transaction we were able to facilitate the refinance of a multi-family property with substantial deferred maintenance.
Term: 10 Year fixed with 30 year amortization
Prepay: Modified Yield Maintenance
San Diego Commercial & Business Financing is proud to present the funding of this multi-family property. This subject property had substantial deferred maintenance. Additionally the full premises was being used for business purposes (medical office with in home care) contrary to local zoning ordinances. In spite of this we were able to obtain below market terms for this property. The transaction was funded by Sr. Vice President Shawn Harris.