Borrower Secures $3 Million Acquisition Loan Utilizing Retail Strip Center And SFR For Warehouse
California
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The asset involved in this transaction is a combination of industrial, retail, and single-family properties totaling 15,877 square feet located in the Stockton, San Anselmo, and Sausalito markets. The deal was facilitated through a loan amounting to $3,000,000 specifically for acquisition purposes.
Summary of transaction details:
- Property Type: Industrial, Retail & Single Family
- Transaction Amount: $3,000,000
- Loan Type: Acquisition
- Broker Representatives: Daniel Zand, Tim Moaeed & Matthew Roton
- Agency: Shawbrook Capital
The borrower leveraged their Retail Strip Center and Single Family Residence as cross-collateral to secure the acquisition of a warehouse. Notably, no appraisal was required and the client incurred $0 out-of-pocket expenses for this transaction.
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