An experienced borrower came to SDC CAPITAL with a time-sensitive 1031 Exchange and just 7 days remaining before the exchange deadline.
What started as a single loan request turned into two purchase loans totaling $3.055 million. Despite the compressed timeline, SDC CAPITAL closed both loans in time for the borrower to complete the exchange.
Deal Highlights
$3.055M total financing across two purchase loans
7-day closing timeline
1031 Exchange financing
$1.17M purchase loan for a Los Angeles residential acquisition
$1.885M purchase loan for a Lawndale multi-tenant retail center
65% LTV on both acquisitions
12-month terms
ABOUT THIS DEAL
The first loan was a $1.17 million purchase loan for an 888-square-foot residential asset in Los Angeles. The loan represented 65% of the $1.8 million purchase price.
The borrower already owns the neighboring property and plans to renovate and stabilize the asset during the loan term.
The second loan was an additional $1.885 million purchase loan for a 10,544-square-foot multi-tenant retail center in Lawndale. The loan also represented 65% of the $2.9 million purchase price.
With only 7 days remaining before the 1031 Exchange deadline, timing was critical. SDC CAPITAL successfully closed both loans within the deadline, providing a total of $3.055 million in financing across the two acquisitions.
One transaction. Two loans. Seven days to close.
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Need financing for a time-sensitive acquisition or 1031 Exchange?
Contact SDC CAPITAL at 424-304-1072 or info@sdccap.com.