SDC CAPITAL Funds $.1,5M for Purchase of Retail Property in Solvang, CA

Deal Highlights

Loan Amount: $1,500,000
Loan Type: Purchase loan for a retail property
LTV: 69%
Loan Term: 12 months
Property Type: Commercial Property

ABOUT THIS DEAL

SDC CAPITAL recently funded $1,500,000 for the purchase of a commercial property located in Solvang, California. This loan was granted at 69% LTV and for a 12-month term.

This transaction came to us through a repeat broker who knew the borrower needed a reliable lender that could close quickly and without last-minute changes. The borrower had occupied the retail property for over 10 years and needed to close within 30 days, with a large deposit already hard in escrow and no extensions from the seller.

To help structure the deal, the loan was secured by the subject property as well as additional properties owned by the borrower, supporting a loan amount equivalent to 75% of the purchase price.

As for the exit strategy, the borrower plans to pay down the bridge loan from the sale of another property and refinance the remaining balance with an SBA loan.

Have a property that needs funding? Email info@sdccap.com or call 424-304-1072 to get started.