Deal Status

Active

Property Address

19682 Hesperian Blvd

Hayward, California

94541

Requested Loan Amount

2000000

Loan to Value

57

Loan Term

120

Lien Position

1st

Collateral Type

Commercial Property

Exit Strategy

Other

Commercial Property Type

Office

Office Property Types

Medical Office

Number of Units

4

Current Occupancy

Tenant Occupied Partial

Current Occupancy Percentage

100

Loan Type

Refinance

Square Footage

16000

Current Market Value

3500000

Equity Cash Out

Yes

Equity Cash Out Purpose

Improve Subject Property

Equity Cash Out Details

Borrower seeking to do tenant improvements as existing MTM tenants move out to expand his dental practice into entire floor space.

Appraisal

No

Will additional properties be collateralized?

No

Borrower Entity

Not Sure

Borrower Credit Rating

Excellent

Exit Strategy Details

Looking for longest fixed period

First Name

George

Last Name

Warf

Company

Credible Commercial Commercial Lending

Role

Mortgage Broker

Location

Dana Point
California
USA