© FUNDED LOAN SAN DIEGO COUNTY · CA
$2,365,000 1st DOT Refinance/Construction Loan, San Diego
First deed of trust · Refinance · Construction loan · Multi-family
SUCCESS STORY
A repeat borrower needed to refinance and fund construction on a multi-family building in San Diego.
LOAN GOAT ACTION
A $2,365,000 first trust deed refinance construction loan, at roughly 60% of value, with a construction holdback released on draws. Payoff comes from stabilization and a refinance.
VALUE ADDED
The loan funded, and the borrower retired the old loan and kept the project on track.
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