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Mortgage Co. Recent Closings

Completed commercial loans:

$6,500,000, 9.5%, 3 yr.
RETAIL BUILDING
Retail building / 105,000 sq. ft.
Vista, CA
Formerly a House to Home Store and it's now vacant.

$625,000, 10.5%, 5 yr.
COMMERCIAL BUILDING
Gas Station/Mini Market/Car Wash
Goleta, CA
Funding a purchase & renovation @ 67% LTV as completed.
Strong Guarantor.

$910,000, 10 ½%, 3 yr.
COMMERCIAL BUILDING
Retail/Office Facility on 45,302 sq. ft.
Goleta, CA
Funded purchase transaction. LTV 65% of purchase. Closed in 7 days.

$747,500, 10 ½%, 3 yr.
CONDOMINIUMS
22 Senior condos/532 sq. ft. each
Fullerton, CA

Re-finance transaction. Partial release clause in note for sale of individual condos.

$450,000, 10 ½%
COMMERCIAL BUILDING
Office/Restaurant and Theater on 7,500 sq. ft.
Merced, CA
Funded purchase and renovation. Borrower with low income, lack of assets, but excellent credit and character. LTV 65% as renovated.

$600,000, 10 ½%, 5 yr.
OFFICE FACILITY
Office/Store 14,140 sq. ft.
Van Nuys, CA
Borrower had lack of reportable income, but an excellent credit history and financial strength.. LTV: 75% Closed in 8 days.

$250,000, 11%, 3 yr.
DEVELOPMENT LAND
148 Acres of commercial development land
Weed, CA
Strong borrowers. LTV: 33% of appraised value.

Click here for the Do's and Don'ts of Borrowing.