Deal Highlights
Loan Amount: $1,775,000
Loan Type: Refinance (No Cash Out)
Purpose: Refinance Maturing Loan
LTV: 66%
Interest Rate / Term: 12 months
Lien Type: 1st lien
Property Type: Single-Tenant Industrial
ABOUT THIS DEAL
SDC CAPITAL recently funded a $1,775,000 refinance for an owner-occupied industrial property located in Burbank, California. The loan was structured at 66% loan-to-value with a 12-month term and secured by a first lien.
The subject property is a 5,000-square-foot single-tenant industrial building situated on a 6,098-square-foot lot. Built in 1959, the property is in good condition and serves as the borrower's luxury automotive shop, specializing in the restoration of high-end exotic and specialty vehicles.
The financing allowed the borrower to refinance a maturing loan while maintaining ownership of the property and business operations. With meaningful real estate ownership experience and a portfolio that includes properties across Glendale, Burbank, and Mission Hills, the borrower was well-positioned for a bridge financing solution.
The borrower's exit strategy is to refinance into permanent financing, providing long-term stability after the bridge loan term.
Have a property that needs funding? Email info@sdccap.com or call 424-304-1072 to get started.