12636 High Bluff Drive Suite 400
      San Diego, CA 92130USA
TOLL FREE - 888.800.1241

In this transaction San Diego Commercial & Business Financing was able to facilitate the purchase of this beautiful 15 unit multifamily property located in San Clemente, San Diego. This was a 1031 transaction for our client. Property was recently renovated and did not have fully stabilized rent rolls. Due to the low CAP rate on the property, the loan was limited substantially in LTV. However we were able to provide an additional $200,000 above & beyond what our competitors were offering.

LTV: 60%
Term: 5 year fixed term, amortized over 30 years
Rate: 3.74%
Prepay: Step Down
San Diego Commercial & Business Financing is proud to present the funding of this high quality Multi-family 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.