In this transaction San Diego Commercial & Business Financing was able to facilitate the bridge refinance loan for this long standing San Diego business. The property had been vacant for the past 12 months, and San Diego Commercial was able to arrange a three year bridge loan for this client, providing capital to reopen the store and pay off existing debtors.
Term: 3 year fixed term, Interest Only
Prepay: Step Down
San Diego Commercial & Business Financing is proud to present the funding of this high quality Clairemont Mesa Office building. We were able to deliver a highly leveraged bridge loan to allow the business of F Street Bookstores to re-open their doors. No other local lenders were willing to provide financing on this non-income producing property. We were able to do so at a 72.5% leverage level.
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.