Closed Loans

San Marcos, CA.  The Loan Company of San Diego refinanced a $900,000 loan secured by a 15-bed Elderly Care Assisted Living Facility owned and operated by the borrower since 1993. In the refinance, The Loan Company provided some cash out to payoff other high interest debt with the overall result of lowering the borrower’s overall debt service.  The business generates sufficient cash flow to service the debt and the approximate LTV ratio was 50% including both the real estate and business value. The borrower was impressed with how quick and easy The Loan Company made the loan.