SDC Capital Funds $2.4M Purchase Loan for a Vacant Retail Property in Riverside, CA

DEAL HIGHLIGHTS

  • Loan Amount: $2,405,000

  • LTV: 65% LTV

  • Loan Type: Purchase loan

  • Property Type: Vacant retail property

  • Location: Riverside, CA

ABOUT THIS DEAL

SDC Capital recently funded a $2,405,000 loan at 65% loan-to-value for the purchase of a vacant retail property in Riverside, California.

The borrower, a licensed general contractor and repeat client of SDC Capital, has extensive experience in retail property renovations. His plan for the property includes subdividing the space into six smaller retail units, securing new tenants, and refinancing with a conventional loan once the property is stabilized.

To streamline the process, SDC Capital engaged a trusted real estate broker to provide a broker opinion of value (BOV). This approach helped reduce both costs and turnaround time, allowing SDC to verify the property’s value efficiently and close the loan quickly.

At SDC Capital, we specialize in fast, flexible financing solutions that help investors move quickly on time-sensitive opportunities.

If you have a property that needs funding, contact us today at info@sdccap.com or visit sdccap.com to learn more.

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