• Loan Amount: $230,000
• Rate: 7.99%
• Appraisal Value: $ 510,000
• Term: 36 months
• Lien Position: First

This loan was made on a 2 unit, light industrial building located in Covina, Los Angeles County. The existing Deed of Trust was maturing and the borrower was looking to refinance. The building was constructed in 2008, but because of the declining values of industrial properties refinancing was challenging. We got the job done and lower this owner occupant’s borrowing costs.