Closed Loans

Escondido, CA.  January 12, 2010.  The Loan Company of San Diego provided a $105,000 loan (1st Trust Deed) refinance allowing the borrower to pull out some cash for personal purposes. The subject property is a 3,248 sq,ft, single tenant, 100% leased, retail building on an approximately ¼ acre site leased to a Neighborhood Convenience/Deli market.   The borrower was unable to obtain conventional financing in the short time frame needed.  With the conservative loan amount (40% LTV), The Loan Company was able to move quick providing a loan at competitively priced private money rates (9% interest) with excellent customer service making it easy and hassle free.