Loan Purpose Repeat MVI borrower refinanced existing debt secured by an industrial property located in Palm Springs, California. Loan proceeds will be used to retire the current 1ST TD with Mortgage Vintage that is maturing and a 2nd TD to consolidate the capital structure into a new 1ST TD. The loan is business-purpose and secured by a non-owner-occupied…
22 + years as successful real estate investors sought a refinance + 100% Funds Control 1st Trust Deed on this commercial investment property in Palm Springs, Riverside County, CA. The purpose of this loan is for the current building owners to pay off an existing, current and in good standing $796K 1st TD and the balance of…
Borrower and experienced real estate investor sought a business purpose 2nd TD to payoff an existing 2nd mortgage and cash-out to upgrade and improve the subject Non-Owner Occupied property to increase its value and appeal. The subject is located on a corner lot in the historic Tennis Club in central Palm Springs in Riverside County,…
Real estate investor and long-time auto manufacturer was the majority Tenant at this commercial property. Borrower joined forces with 2 partners for this purchase opportunity and once the purchase of the subject property was complete, the plans were to supplement the existing auto storage and auto assembly with auto manufacturing at the subject property. Borrower…