San Diego County Commercial Property

San Diego County Commercial Property

Property Address

1528 Pioneer Way, El Cajon, CA 92020
  • Loan Number: 7475
  • APN: 483-021-08-00
  • County: San Diego
  • Appraised Value: $360,000.00
  • Loan Amount: $200,000.00
  • Loan Position: 1st
  • Interest: 11%
  • LTV (Loan to Value): 55%
  • Term: 36 Months

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Specifics

LOAN: #7475

SUBJECT PROPERTY: 1528 Pioneer Street, El Cajon, CA 92029

Roofing Company Commercial Building - Zoned M (Light Industrial/Manufacturing) 

San Diego County; APN #483-021-08-00 

1,116 sq ft bldg with approx 13,731 sq ft storage yard area   

APPRAISED VALUE: $360,000.00


LOAN TERMS

 

LOAN AMOUNT: $200,000.00

POSITION: 1st

INTEREST: 11%

TERM: 36 mos

LTV: 55%

There is a late charge of 10% of the payment (after 10 days)
There is no prepayment penalty on this loan
This loan contains a balloon payment


SPECIFICS:  Our borrowers are refinancing in order to obtain cash for their roofing business.  They have owned the subject property for over 19 years, and the property generates rental income in the amount of $3000 per mo.  The property is fully fenced with a security gate.



                                                          Information Subject to Change