Owner/User Commercial
Another Successful Funded Loan
- $1,053,700
- SBA 7a @ 10.750%
- Purchase - 75% LTV
- Owner/User
- Commercial Property
- Pasadena, CA
ASSIGNMENT:
A listing agent with whom we had worked with before in the past referred us to the selling agent and her buyers. The buyers were interested in purchasing the property to use for their construction business.
CHALLENGE:
This transaction had too many hurdles to name...lets just say that it was a real doozy.
SOLUTION:
We placed them into a SBA 7A program. The deal closed and what a relief for all involved.
