This commercial retail refinance deal was in a prime location. Small retail strip within Scottsdale that is easily seen from a busy street makes it easy for our investor to keep leased. A 12-month refinance will bridge the gap for our borrower to improve the interior of the building and find a business to lease the property. Capital Fund is able to lend money on any type of commercial property and makes it easy on the property owner with our simple and quick process. We are able to close in as little as 3-5 business days on commercial properties.
The terms given on this specific loan are as follows:
Loan Type: Retail Commercial Re-Fi
Loan Amount: $154,000
Current Value: $225,000
Interest Rate: 12.9% I/O
Loan Type: Re-Fi