Deal Status

Active

Property Address

4560 College Avenue, San Diego California 92115

Requested Loan Amount

$400,000

Loan to Value

57%

Loan Term

24 months

Lien Position

1st

Collateral Type

Commercial Property

Exit Strategy

Refinance

Collateral and Loan Details

Commercial Property Type

Office

Office Property Types

Medical Office

Number of Units

1

Current Occupancy

Owner Occupied

Current Occupancy Percentage

100

Loan Type

Refinance

Square Footage

1,050

Current Market Value

$700,000

Existing Mortgages

1st

Mortgage 1 Balance

$305,000

Will additional properties be collateralized?

No

Borrower Entity

LLC

Borrower Credit Rating

Good

Comments

We have $305,000 remaining on the mortgage. We are currently working with an architect to add 1400 sqft on top of the building. We are looking to obtain a loan for the rehab. Estimated loan costs is $350,000-$400,000.

First Name

Jonathan & Phuong

Last Name

Douglas

Phone Number

(352) 682-3650

Company

Eyeluv, LLC

Role

Borrower

Location

San Diego, California

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