Closed Loans

 

 

San Diego, CA.  The Loan Company of San Diego refinanced a $450,000 loan secured by an office building consisting of 4,400 rentable sq.ft. on a 6,996 sq ft lot with four single car garages in a separate building at the rear of the property.  It was formerly an apartment building converted to office.  It is 100% leased and adequately services the debt.  The loan was a straight refinance no cash out at less than 70% LTV.  The borrower wanted a hassle free permanent loan and the Loan Company provided excellent customer service while making it quick and easy.