Closed Loans

 

 

El Cajon, CA. February 1, 2010.   The Loan Company of San Diego provided a $230,000 loan (1st Trust Deed) refinance allowing the borrower to pay-off an existing bank loan that had matured.  It was a straight refinance plus closing costs no cash out at a conservative LTV ratio of 47%. The subject property is a 4,025 sq,ft, single story, multi-tenant neighborhood retail center on .40 acre parcel that is 100% occupied.  The borrower was very unhappy with how they were being handled at the bank where they had the loan for 15 years.  The borrower had never been late on any payment at their bank and they would not renew the loan.  The Loan Company was able to come in take out the existing loan with a permanent loan in a timely and efficient manner.  The borrower received excellent customer service making it easy and hassle free.