Refinance

13302 Rosecrans Ave

Norwalk, California 90650

The borrower operates a frozen meat storage business in a large warehouse in the city of Vernon and requires additional funding for expansion

Loan TypeRefinance

Property TypeCommercial

Appraisal Value$ 2,000,000

Requested Loan Amount$ 1,200,000

Combined Loan to Value (CLTV)60%

Interest Rate14%

Loan Term1 Year

OccupancyRental

Created AtJan 4, 2025, 7:04 PM

Updated AtJan 4, 2025, 7:19 PM

The borrower wants to exiting 2nd $650,000 and 3rd TD loan $350,000 because the maturity date is over.

The borrower plans to sell the property after refinancing the 2nd and 3rd loans.

Requested Loan Amount:

$ 1,200,000

Loan Type: Refinance

Contact:

john kim