Loans to
Commercial Property
Location:Martinez, CA
Funded:$545,000
Private Loan Type:Commercial Property Loan
Deal Highlights:
Deal Summary:
Our borrower wanted funds to cover the expense of building an Accessory Dwelling Unit (ADU) on their free-and-clear property that was held in an LLC.
For reasons outside our purview the managing members of the LLC did not want to take the property out of the LLC to secure traditional financing, so they enlisted our help to provide capital to get the job done.
We reviewed the LLC documentation, confirmed legal vesting, and closed on our real estate loan within 10 days. This enabled them to get started with the construction immediately and complete the works within the summer months.
Deal Details:
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