Deal Highlights
Loan Amount: $2,000,000
Loan Type: Refinance / Cash-Out Equity
Purpose: Cash-out refinance of retail strip center
LTV: 66.2%
Loan Term: 12 Months
Property Type: Retail Strip Center
Number of Units: 12
Existing Square Footage: 7,339 SF
ABOUT THIS DEAL
SDC CAPITAL recently funded a $2 million bridge loan for the cash-out refinance of a 12-unit retail strip center located in Downey, California. The loan was structured at 66.2% loan-to-value with a 12-month term.
The subject property consists of approximately 7,339 square feet of retail space and is being repositioned through a lease-up strategy focused on the remaining vacant units. The financing provided the borrower with additional equity while supporting the next phase of the property’s business plan.
This transaction was completed for a long-time repeat borrower, reflecting an ongoing lending relationship and the borrower’s familiarity with SDC CAPITAL’s bridge financing process.
The borrower’s strategy is to improve occupancy by leasing the remaining vacant space and then position the property for a future sale. Based on the planned improvements and stabilization strategy, the property has an estimated after-repair value of approximately $3.3 million.
SDC CAPITAL specializes in bridge financing solutions for retail, multifamily, and commercial real estate projects throughout California, offering fast, flexible financing tailored to each borrower’s goals.
Have a commercial property that needs financing? Email info@sdccap.com or call 424-304-1072 to get started.