Commercial Office Building refi

Funded by Redwood Mortgage

$1,285,000

Deal Details

Private Loan Type

Refinance

Approx. Funding Date

03/21/2018

Property Type
Office
Property City

Santa Rosa

Property State

CA

Interest Rate

%

Origination Points

%

Deal Summary

Borrower had a maturing bank loan that needed to be paid off. The commercial office building was 95% leased with good debt service coverage. Redwood Mortgage was able to do this refi under the Streamline (low doc) loan program. LTV on this deal was 61%. Transaction funded in 14 days.

Funded By

Redwood Mortgage

In business for over 40 years. Lending in California Coastal Metro Areas.