Closed Loans

 

 

 

El Cajon, CA, March 28, 2011.  The Loan Company of San Diego provided a $600,000 (1st Trust Deed) loan to refinance an existing loan and provide some additional capital for expanding the owner-occupied business.  The loan is secured by 7,700 sq.ft. office/warehouse/service center on a 14,375 sq.ft. parcel.  The owner has occupied the property since 1995. The property was appraised at a 65% LTV ratio.  The Loan Company provided the borrower an excellent term loan with a competitive private money rate. The borrower was extremely pleased with The Loan Company’s flexibility in accommodating the refinance.