Our fast purchase loan program helped our borrower quickly purchase this vibrant, multi-tenant property to meet a compressed closing date. The property is situated on a little over 7-acres with over 100,000 square feet of rentable space that is currently, 86% occupied. Our borrower will lease out the remaining vacancies and will exit our loan by refinancing to a long-term loan upon stabilization or will sell the property for profit.
- 70% Loan to Value
- 86% Occupied with National Tenants
- Experienced Repeat Borrower