In this transaction we were able to facilitate the refinance of a well maintained Pacific Beach multi-family property.
Term: 10 Year fixed loan amortized over 30 years
Prepay: Modified Yield Maintenance
San Diego Commercial & Business Financing is proud to present the funding of this Pacifc Beach landmark multi-family property. The client had completely renovated the subject property. We were able to finance the project with long term financing through Fannie Mae, despite the lack of revenue of the property due to recent major capital expenses. The transaction was funded by Sr. Vice President Shawn Harris.