San Diego, CA

$825,000

Mixed-Use, Office

Mezzanine

05/15/2014
Transaction by
Wilshire Quinn Capital, Inc.
$825K Private money 2nd trust deed loan for the refinance of a mixed-use commercial property in Point Loma, San Diego. The building is occupied by a restaurant, bank, and various office tenants. The property was appraised for $1,600,000, representing a total loan-to-value of just under 52% The 1st lien consisted of a parking lease held by the previous owner of the building.