Closed! “Lease Option to Buy” Hard Money Loan: $1,200,000, Commercial, 1st TD, 55.81% LTV, 10.50% Lender Rate, Lompoc, CA
Long-time business owner was seeking a business purpose 1st TD to purchase this commercial shopping center in Lompoc, CA in Santa Barbara County. The borrower has been acting as the property manager of this property since 2015 and is now exercising his right to purchase the property for $1.2M under a Lease Option to Buy…